The 2017 Budget included a major small business tax announcement that we believe could benefit your business immensely! The announcement was that the Small Business $20,000 instant asset write off will be extended for another year. This scheme enables small businesses to immediately deduct the cost of capital items where the cost of each item is less than $20,000. The scheme’s deadline has been extended until 30 June 2018 after which the threshold will revert back to $1000. This one Continue Reading