Update: Instant Asset Write Off – Budget 2020-21

Update: Instant Asset Write Off – Budget 2020-21. MB+M Director, Anna McIntosh, discusses the changes in the treatment of assets resulting from the Government 2020-21 Budget.

These changes provide fantastic opportunities for businesses to bring forward the purchase of assets and gain significant tax benefits whilst doing so.

Instant Asset Write Offs – Areas Covered:

• Assets Purchases
• Revenue Limits 
• Second Hand Assets
• Capital Works.
• How it works in relation to asset purchases
• Impact on General Pool Balance
• Plus More…..

These changes could have a significant impact on your business. So watch the video as Anna walks you through the changes for “Instant Asset Write Off – Budget 20-21”  and what it means for you.

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^{…………………………………Anna McIntosh, MB+M Director – Update: Instant Asset Write Off – Budget 2020-21}

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If you have questions about how changes to Instant Asset Write offs affects you, please call MB+M and speak to Anna McIntosh, or one of our other expert Business Advisors. Call us – 03 5821 9177.

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Read More:

1. ATO: Instant asset write-off for eligible businesses
2. 2020 Federal Budget Update by Anna McIntosh – MB+M Director

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