Small business – expanding accelerated depreciation
Posted: 19 June 2015
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:
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