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Instant Asset Write-off Guidelines for 2024-25

Time Running Out for Tax Break
The Australian Taxation Office (ATO) has released guidelines to help your business understand whether it's eligible for the $20,000 instant asset write-off for the 2024-25 financial year. “If your business has an aggregated annual turnover of less than $10 million and uses the simplified depreciation rules, you may be eligible to claim the instant asset write-off to immediately deduct the b...
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