25/08/2026
The $20,000 instant asset write off does not mean your business gets $20,000 back.
For eligible small businesses, it can allow the business portion of eligible assets costing less than $20,000 to be deducted immediately. The deduction reduces taxable income, and the actual tax benefit depends on the circumstances of the business.
Our latest article explains how the $20,000 threshold works, what happens to assets above the threshold and what to consider before making a purchase.
Read the article here: https://thehopkinsgroup.com.au/the-20000-instant-asset-write-off-what-small-businesses-should-know/
If you would like to discuss how the instant asset write off may apply to your business, we offer free 15 minute chats with no obligation. Click here: [email protected]/?ismsaljsauthenabled=true" rel="ugc" target="_blank">https://bookings.cloud.microsoft/book/[email protected]/?ismsaljsauthenabled=true