With the recent eligibility criteria extension for the instant asset write-off scheme, businesses with a turnover of up to $50 million can now immediately write off depreciable assets that cost less than $30,000, helping offset the cost of investing in new equipment.

To find out more about the instant asset write-off scheme, click on the link below:

https://www.ato.gov.au/Tax-professionals/Newsroom/Your-practice/Instant-asset-write-off-increased-and-extended/