Increase in small business instant asset write-off backed by builders

Small businesses in the building and construction industry will benefit from the Government’s decision to extend the instant asset tax write off scheme.

Denita Wawn, CEO of Master Builders Australia said, “Master Builders are strong supporters of this measure because it boosts our member’s business success. There are more than 370,000 small business builders who will be winners from this initiative.”

“The increase in the small business tax write off scheme to $25,000 and its extension till 2020 is good news for builders around the country but we continue to call for it to be made a permanent fixture,” she said.

“This decision is a sign that the Government is listening to industry on what is needed to support small business,” Denita Wawn said.