"The extension of the arrangements and the new threshold will allow small businesses to claim immediate deductions for asset purchases up to the value of $25,000 for assets purchased between now and the end of June 2019 with a similar immediate deduction available for the 2019-20 year.
"The measure provides a significant cash flow reward for SMEs who are investing and growing their businesses and it simplifies their tax and record keeping paperwork," Mr Willox said.
Media enquiries: Tony Melville – 0419 190 347
