Shrank George
Instant Asset Write-off 2019 for Small Business, Budget for Small Business, Digital Innovation, NSW Government Provide, Netstripes
Us small businesses have been celebrating the recent extension to the instant asset write-off 2019 threshold that was announced during the 19/20 Federal Budget speech. The increased amount from $25,000 to $30,000 will allow more small and medium business owners to invest further in development by instantly writing off depreciable assets that cost the business less than $30,000.
That is why the recent increase in the instant asset write-off* from $25,000 to $30,000, which went into effect after 2nd April 2019, comes as a major relief for many of us who are trying to invest more on marketing and sales for our business.
With the Covid-19 pandemic battering the global economy, the Government’s decision to provide financial assistance through a stimulus package and grants is a wave of relief among small and medium sized business owners, but how do they actually work for us?
