End of Financial Year Instant Asset Write Off
EOFY Instant Asset Write Off
Threshold Increased to $30,000
All small businesses get an immediate tax deduction for any individual assets they buy costing less than $30,000.
This $30,000 limit applies to each individual item. Small businesses can apply this $30,000 rule to as many individual items that they wish.
The instant asset write-off now also includes businesses with a turnover from $10 million to less than $50 million.
Further information on accelerated depreciation is available on the ATO website.
Take Advantage of the Instant Asset Write-off and Contact Molnar Hoists today
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MOLNAR (STENHØJ Pty Ltd)
3 Graham Street
Export Park, SA 5950
Molnar, part of STENHØJ Group
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