As of 1 October 2015 Online Accounting and Taxation Solutions has changed name to Affinitas Accounting, you have now been redirected to the new page.

$20, 000 Instant Asset Write-Off Extended

Instant Asset Write Off

The popular $20, 000 Instant Asset Write-Off has officially been extended until June 30, 2019.

Instant Asset Write Off

If you’re an Australian small business turning over less than $10 million, you’ve been given another 12 months to take advantage of the scheme.

The Government states that the extra 12 months of the scheme will “improve cash flow for small businesses, providing a boost to small business activity and investment for another year.” 

The program has seen a few different iterations and has been fighting Federal approval every year since its introduction in 2015.

Many small businesses — including many of you — love the scheme. Last year, the average write-off increased from $4, 000 to $9, 000.

As a reminder, the scheme allows small businesses to claim immediate deductions for asset purchases up to $20, 000. For more information on the scheme, visit our blog.

Message Affinitas on Messenger today

Need friendly advice? Talk to our staff today about how we can help your business succeed.

Subscribe to Affinitas Accounting's newsletter for our latest updates, tips of the trade in your email inbox.

  • This field is for validation purposes and should be left unchanged.