Coronavirus Stimulus Package – Example #1 of the Instant Asset Write-Off.

In this video, John Jeffreys, Tax Counsel of Tax and Super Australia sets out an example of the ability to claim the new instant asset write-off that became law from 12 March 2020 as part of the COVID-19 response by the Federal Government.  It demonstrates how a small business that purchased an asset in January 2020 can obtain the instant asset write off for an asset that cost $55,000.

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