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

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 has been widely welcomed. Read the following article to understand the implications for your business: 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.html

This article was suggested by our mentor Bob Joubert