The small business instant asset write-off threshold has been lifted to $50,000 and expanded to include businesses up to a $50mil turnover. This applies immediately (3/4/2019) to 30 June 2020.
Make sure you call us and take advantage this financial year!
Small Business Tax Cut – For businesses with turnover of less than $50mil a year – the tax rate will be lowered to 25% by 2021/22.
Another benefit is the record, $100 Billion spend on infrastructure nationally over the next decade.
Speak Your Mind