Leading SME lender OnDeck suggests small business owners looking to take advantage of the instant asset write off need to act quickly to secure finance.
A national study has found small business owners are failing to take advantage of the instant asset write off and are missing out on potential deductions
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell, has welcomed the announcement by the government of the extension of the $20k instant asset tax write-off. The instant asset write-off scheme will now be extended to small businesses until 30 June 2020 with an increase to the write off to include assets purchased… Read more »
Australia’s small businesses may see some relief this financial year with Treasurer Scott Morrison announcing the extension of the $20,000 instant asset write-off in the 2018-19 Federal Budget. The write-off was slated to end this financial year, however, it has now been extended until June 30, 2019. The instant asset write-off allows businesses to claim… Read more »