The 2015 Federal Budget Tax Write-off for Small Business
Changes in the 2015 Federal Budget now allow small businesses with an annual turnover of less than $2 million to immediately write-off (expense) any purchases of items $20,000 and under, that they can make between now and June 30 2015.
This has been increased from the previous instant asset write-off threshold of $1,000 and presents small businesses with a significant tax write-off opportunity.