Instant asset write-off level confirmed

Small business owners will be pleased to know that at the ‘last minute’ the instant asset write-off level for the year ended 30 June 2024 was confirmed at $20,000.  This means, for eligible assets, a 100% tax deduction can be claimed for an asset purchased during that year.  The asset must have been installed and ready for use by midnight on 30 June 2024. Read more …