EOFY: How Does Instant Asset Write-Off Work?

As we steadily approach the end of the financial year it's an excellent time to think about taking advantage of the ATO's asset write off scheme. Essentially any assets purchased can be written off, meaning you don't pay company tax on them. That's potentially a big saving! 

Read more about it here:

Instant asset write-off: What is it and how it works

ATO:

Instant asset write-off for eligible businesses

Additionally government institutions need to make sure their budgets are used up prior to the end of the financial year. Often if they are not, the budgets get reduced.

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Some ideas to keep your budget in good shape:

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