In response to the Coronavirus, last week the Australian government announced a sweeping list of benefits for businesses, including raising the Instant Asset Tax Write-Off to an unprecedented $150,000, a 5 x increase for businesses with a turnover of less than $500 million.
The information provided on this website is general in nature only and does not constitute personal or commercial financial or taxation advice. The information has been prepared based on our interpretation of the IAWO program and has not taken into consideration your personal or business objectives, financial situations or needs. Before acting on any information on this website, or others, you should consider the appropriateness of the information with regard to your personal or business objectives, financial situations or needs. Speak to your Accountant, Tax Advisor or the Australian Tax Office for any questions you may have with regard to the application of the Instant Asset Write Off for your business.