Here we are again with the end of financial year upon us. I think we can all agree that so far, 2020 has been a year like no other. Between the Covid crisis and the bush fires amongst flooding and everything else under the sun, Australian’s are known for steely resolve and we will get through this together.
For business owners out there, Tradie Bookkeeping Specialists would like to remind all that the instant asset write off has been extended to assets valuing up to $150,000 which is an overall increase from the original threshold of $30,000 and not only that, the Government (as of the 9th of June) has also extended this instant asset write-off scheme up until the 31st of December this year which is just fantastic and much welcomed. All other conditions will remain the same.
If you would like to know more about the ins and outs of this scheme or want assistance with your paperwork regarding this, please don’t hesitate to call Ari at Tradie Bookkeeping Specialists today. We take care of your paperwork so you can take care of business!