It was announced in the Federal Budget on Tuesday night that the instant asset write-off threshold would be increased to $30,000.
Well the $30,000 instant asset write-off has already passed both houses of Parliament. It now just awaits royal asset (which is a formality).
Please note that this limit only applies to assets bought AFTER 2nd April 2019.
Keep you eye out for more upcoming tips and traps about this valuable tax saving concession.
At MRS, we will spend today planning for your success.