Small business – expanding accelerated depreciation

The Government has proposed to expand accelerated depreciation for small businesses with an aggregated annual turnover of less than $2 million. The instant asset write-off threshold increased to $20,000 (up from $1,000). This allows you to immediately deduct the business use portion of a depreciating asset that costs less than $20,000.

If you have a question about this and how it affects your business, please call us:

Sunshine Coast:07 5474 8955

Brisbane:07 3424 3421