Posts tagged "ato instant asset write off 2018"

The instant asset write-off scheme has been extended again and will now last until December 31, giving businesses six more months to immediately claim on purchases up to $150,000.

While the government increased the instant asset write-off threshold to $30,000 earlier this year, businesses are looking for smaller purchases.

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.

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…