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The $20,000 instant asset write-off is here for another year!

In the 2015 federal budget, the government raised eyebrows when it introduced the $20,000 instant asset tax write-off scheme, increased significantly from $1,000. This scheme allows businesses to claim immediate deductions for depreciating assets worth up to $20,000 as long as the asset is purchased and installed before June 30.  Initially only available to businesses with annual turnover of u
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