Posts tagged "$20 000 instant asset tax write-off"

The government will extend its instant asset write-off but has not announced any plans to improve the awareness or accessibility of the program.

Another extension of the instant asset write-off scheme is on the cards ahead of MYEFO, small business Minister Michaelia Cash says.

While the government's instant asset write-off scheme forms a key part of its small business policy, a large number of firms aren't using it.

In what's sure to be good news for Australian business owners, the popular $20,000 instant asset write-off tax scheme has been extended for 12 months.

Kate Carnell has suggested keeping the current $20,000 instant asset write-off in place, but also allowing businesses to occasionally claim $100,000.

Tax breaks are few and far between, and the $20,000 instant asset write-off scheme is a ripper. But more than 60% of businesses aren’t ful…