Federal Budget 2018/2019 - Business Changes
2. Changes affecting business taxpayers 2.1 Extending the $20,000 immediate write-off for small business The Government will extend the $20,000 immediate write- off for small business by a further 12-months to 30 June 2019 for businesses with aggregated annual turnover less than $10 million. Small businesses will be able to immediately deduct purchases of eligible assets costing less than $20,000 first used or installed ready for use by 30 June 2019. Only a few assets are no