The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to $150,000.
Contact the Centaur Financial team if you would like assistance in determining your eligibility for these initiatives or if you have any other questions we can assist with.
