To assist businesses impacted by the COVID-19 pandemic, the government has increased the instant asset write-off threshold from $30,000 to $150,000 and expanded its eligibility to include businesses with an annual turnover of less than $500 million.*
Use this opportunity to invest in our range of high quality products and ensure your business continuity in these uncertain times.
From 1st January 2021, the threshold will revert to $1,000 for small businesses with an annual turnover with less than $10 million, so contact us while stocks are available!
* Please refer to your tax consultant for your eligibility.
Summary of the Instant Asset Write-Off
