The government’s decision to increase the instant asset tax write-off from $5000 to $6500 has been welcomed by accountants. The question now lies on how SME’s will be able to cope with the increase.
This increase has been seen by Gavan Ord, business policy adviser for CPA Australia, as a step in the right direction.
“It’s moving towards the Henry recommendation of $10,000,” said Ord.
This increase has been seen by Gavan Ord, business policy adviser for CPA Australia, as a step in the right direction.
“It’s moving towards the Henry recommendation of $10,000,” said Ord.
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