Goodbye Temporary Full Expensing

Goodbye Temporary Full Expensing

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Hello Chasers, From 1 July 2023 until 30 June 2024, the Government will temporarily increase the instant asset write-off threshold from $1,000 to $20,000. Small businesses with an aggregated annual…

Last Chance to Claim

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Deductions under ‘temporary full expensing’ are only available in the 2021, 2022 and 2023 income years, and are expected to come to an end on 30 June 2023. Under temporary…