Changes to the Instant Asset Write-off Scheme

Australian Government implements changes to the instant asset write-off scheme

Hso Business 04 600x403The Australian Government has increased the instant asset write-off threshold from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020.*

Using the instant asset write-off, eligible businesses may be able to claim a 100% deduction on their practice management software.

Thinking of buying practice management software? Opening a new practice?

Be quick and book a complimentary business review with a Henry Schein One specialist before 30 June 2020 about switching practice management systems and we’ll give you a great deal.

We give you the freedom to choose the right dental software for your practice.

Click here to book a complimentary business review or call 1300 889 668.

* Please refer to the Australian Government Business website to see whether your business qualifies for the instant asset write-off or speak to your tax professional for advice tailored to your individual circumstances. 

Last Updated on 24 May 2021

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