Small business write-offs

Small businesses are encouraged to apply for the instant asset write-off before the end of this financial year, which has been extended to June 30 next year.

Small businesses with a turnover of less than $10 million are eligible to apply.

Forrest MHR Nola Marino said the asset write-off would improve cash flow for small businesses, providing a boost in productivity to reinvest in their business.

Source: Harvey-Waroona Reporter.