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