The $20,000 threshold has been recently extended to 30 June 2019.If you buy an asset and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. https://www.ato.gov.au/newsroom/smallbusiness/lodging-and-paying/$20,000-instant-asset-write-off/?sbnews20181107
This article was suggested by our mentor John Wood