The $20,000 instant asset tax write-off has been used by 300,000 SMEs, says Federal Government

Summary

Nearly 300,000 small businesses have taken advantage of the Federal Government’s $20,000 instant asset tax write-off scheme, according to 2015-16 tax office data. The data was revealed by Minister for Small Business Michael McCormack, who described the instant asset write-off program as a “shot in the arm” for small businesses. “The instant asset write-off is […]

Tags: ATO, deduction, Federal Government, instant asset tax write-off, Michael McCormack, Small Business, Sme