On 14th March 2020 the Australian Government announced in its support of Australian businesses that the instant asset write-off threshold is being increased from $30,000 to $150,000.
What does this mean for your business?
Your business could be eligible to receive an instant tax-write off when you purchase new or second-hand assets between 12th March 2020 – 30th June 2020. To qualify, your business must:
- Have purchased the asset and first used or have installed ready for use within this time frame
- Your business has an aggregated annual turnover of less than $500 million dollars
To learn more, visit the Australian Government Business website, here.
Improve your tax position*, while ensuring your workforce has the right tools to continue to support your business, in and out of the office. Contact one of our dedicated Product Procurement Specialists to review your requirements and get a quote.