Budget: SMEs to write-off every asset purchase under $20,000* Deduct Every Asset up to 20k Australian small businesses with turnover below $2 million will be able to immediately deduct every asset they purchase valued up to $20,000. The new threshold will be in place until the end of June 2017 and is designed to support small businesses to invest in … Continue reading SMEs to write-off every asset purchase under $20,000