Instant Asset tax write-off extended

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The Instant Asset Write-off, which was enhanced as part of the Federal Government’s COVID-19 stimulus measures, and was due to end on 30th June 2020, has been extended to 31st December 2020.  This tax incentive provides a 100% tax deduction for capital expenditure of up to $150,000 on new or second-hand assets first used or installed ready for use by 31st December 2020. 

If you think this is something that you would like to take advantage of, please contact one of a highly qualified accounts here at Bob Reus & Co.

Cathy Ellis