Can I write-off a new car under $150k instant tax write-off?

Can I write-off a new car under $150k instant tax write-off?

I will start this article with this disclaimer: “this information is general in nature and should not be used as a substitute for your own professional advice. Any tax benefit that may be available will be subject to your own circumstances. Please contact your own tax professional or accountant.” Can I write-off a new car…

Instant Asset write-off increased to $150k
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Instant Asset write-off increased to $150k

In response to the Coronavirus crisis, the Federal Government has outlined new measures in a stimulus package worth nearly $18 billion. Australian Businesses will be some the biggest beneficiaries in an effort to boost the economy and save jobs. Here is a summary of the changes outlined in the plan that will benefit SMEs SUPPORT FOR BUSINESS INVESTMENT…