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    Instant Asset Write-Off Increased and Extended
    Select Accounting
    • Jun 3, 2019
    • 1 min

    Instant Asset Write-Off Increased and Extended

    The threshold has increased to $30,000 and has been extended to 30 June 2020. The instant asset write-off now also includes businesses with a turnover from $10 million to less than $50 million. These businesses can claim a deduction of up to $30,000 for the business portion of each asset (new or second hand), purchased and first used or installed ready for use from 7.30pm (AEDT) on 2 April 2019 until 30 June 2020. Businesses with a turnover of up to $10 million can also claim
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    We are Select Accounting located in Erina on the NSW Central Coast. We pride ourselves on delivering a variety of no-fuss accounting, superannuation, bookkeeping, and taxation services. We want to see our client's businesses thrive. 

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