The Treasurer announced in the Federal Budget on 6 October 2020, that the ATO instant asset write off has been extended to all businesses with an annual turnover of up to five billion dollars. It now applies to all eligible depreciable assets acquired from 6 October 2020 and first used or installed by 30 June 2022. The maximum amount limit has also been removed. Exciting news for business!
Financing new equipment or a vehicle instead of purchasing it outright can be a great way to preserve cash flow and working capital. The asset might also help you to generate immediate income.

We can arrange from one of our Registered Finance Brokers to call you to discuss your options.
If you would like to know more, please call us on 1300 TAX SHOP or drop an email to support@accountantsdirect.com.au