$20,000 instant asset write-off for your Art Collection
3 October 2018 The $20,000 threshold has been recently extended to 30 June 2019. If you buy an asset like art and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. You are eligible to use simplified...
$20,000 instant asset write-off for your Art Collection
$20,000 asset write-off – 12 May 2015 From 12 May 2015, small businesses with aggregate annual turnover of less than $2 million are immediately able to deduct any new assets purchased, provided the assets cost less than $20,000.As reported in the Sydney Morning...
Art is Good for Business
Art is good for Business It has been shown that office art on walls reduces stress in workers, and encourages right brain activity through visual stimulation. Great art on walls improves staff moral and therefore, increases productivity. Consequently, office art is...
$20,000 instant asset write-off for your Art Collection
$20,000 Asset Write-off extension Treasurer Scott Morrison revealed the highly popular asset write-off measure would be extended, and also be made available to businesses with a larger turnover of up to $10 million. “Small businesses with a turnover up to $10 million...Search
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