In a move to keep small business going, the Australian Government has dramatically boosted incentives for small and medium businesses to invest in assets.
Until 31 December 2020, the instant asset write-off has been increased from $30,000 to $150,000.
Eligible businesses can instantly deduct the cost of newly purchased assets worth up to $150,000.
There are some great examples on the ATO website on how you can benefit from the instant write-off to help your business.
Please click here for more information.