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March 18, 2020
Instant Asset Write-off

Instant Asset Write-Off Increases from $30,000 to $150,000

Instant Asset Write-off As part of the Federal Government’s economic stimulus package in response to the COVID-19 crisis,  popular Instant Asset Write-Off rules have been expanded, with the threshold lifting to $150,000 from $30,000, and business annual turnover from $50 million to $500 million, until 30 June 2020. On 9 June 2020, the federal government...
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