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  • Instant asset write-off tax break boost extended for another six months

Instant asset write-off tax break boost extended for another six months

Businesses making up to $500 million per year will be allowed to continue writing off newly purchased assets worth up to $150,000 under an extended scheme designed to boost cash flow.

by | 8 Jun, 2020

ATO announces crackdown on dodgy car claims

In March, the Federal Government massively expanded the scope of the Instant Asset Write-Off scheme in the early stages of the coronavirus economic shock.

Read more at the ABC. 

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