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Government announces $150K instant asset write off

As part of the new stimulus package announced this morning by Prime Minister Scott Morrison, in response to the Covid-19 situation, the Government has extended the instant asset write-off, which allows a business to claim a tax break for what they spend on equipment, assets etc.

The instant asset write-off is currently restricted to companies with turnovers of up to $50 million, for maximum asset value of $30,000.

But this will now be significantly lifted, allowing companies with turnovers of up to $500 million to make instant assets write-offs of up to $150,000.

This is great news for all businesses!

​If have an ABN, now is the time to future proof your business with a cash-flow positive solar solution and instantly write it off on your tax!

NOTE: We service QLD & Northern NSW only..

"Thanks to Australian National Solar we now save over  $11,000 per year off our electricity bill. This is a huge saving for our Hotel. The solution put forward has been cash flow positive so we are winning from every angle!" ​
Kevin Fawcett - Winton Hotel

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