In response to the Covid-19 crisis, the instant asset write-off threshold has increased from $30,000 to $150,000 until 30 June 2020. Businesses with an aggregated turnover of less than $500 million are eligible to access this benefit.
After 1 July 2020, the instant asset write-off will only be available for small businesses with a turnover of less than $10 million and the threshold will be $1,000. Ordering before June 30 makes a big difference.
Under instant asset write-off eligible businesses can immediately write off the cost of each asset that cost less than the threshold
This is a great opportunity to update and add to your company’s IT capabilities such as laptops, desktops, servers, routers, wifi access points and network infrastructure, so if you are considering purchasing any technology – now is certainly the time to do so. Please call us today on 1300 796 246 to discuss your needs.
Find out about more about the increased instant asset write-off HERE
For a quote to take advantage of the instant asset write off, please fill out the form below:
