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SME $20,000 “instant” asset tax write-off explained – and it applies to second-hand assets too

June 21, 2016 By BMN

The following article explains how you could possibly take advantage of the 2015-16 federal budget announcement that small businesses (i.e. businesses with aggregate annual turnover less than $2 million) would be able to immediately write off assets they start to use or install ready for use, provided the asset costs less than $20,000: http://www.smartcompany.com.au/finance/tax/47014-sme-20-000-instant-asset-tax-write-off-explained-and-it-applies-to-second-hand-assets-too/

This article was suggested by our mentor Bob Joubert

Filed Under: Small Business News & Tips Tagged With: Cash Flow, Finance, Tax

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