04/06/2026
EOFY's almost here and if you run a small business, the $20,000 instant asset write-off is worth a look before 30 June.
The short version: eligible small businesses (turnover under $10 million) can immediately deduct the full cost of eligible assets under $20,000, instead of depreciating them over several years. And it works per asset - so it's not just the one item.
We've pulled together a few things under that $20k mark that might fit the bill. Have a scroll through the album — mowers, ATV's and gear that actually earn their keep on the property or the job site.
Worth saying: every business is different, so have a chat with your accountant about what you can claim. And the clock's ticking - the asset needs to be delivered and ready to use by 30 June.
