Stimulus Package: Instant asset write off threshold increased to $150,000

In order to deliver support for business investment, $700 million has been allocated to increase the instant asset write off threshold and expand access to include businesses with an aggregated annual turnover of less than $500 million (up from $50 million). Examples of assets that may be able to be immediately written off are a concrete tank for a builder, a tractor for a farming business, and a truck for a delivery business.

With the current state of affairs, we have now noted that the Stimulus Package is increasing write off from $30k to $150K until 30th June 2020. 
This is an exceptional time for small business owners to upgrade Motor Vehicles and other Business Assets such as Earthmoving, Excavation & Forklifts, Medical/dental/laboratory equipment, Office/commercial printers etc.

Please feel free to contact me, Parisa Abdeamin or visit our website.