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Infographic: Is your business eligible for the $30k instant asset write-off?

If you’re a small business owner, you may have heard about the government’s $30k instant asset write-off scheme, applicable to certain purchases made before 30 June 2020.  

But how do you know whether your business or your purchases are eligible?  

To help you out, weve compiled an overview of some of the criteria that your business and purchases need to meet before making a claim via the scheme. For more detailed information, visit the ATO website or speak to your accountant. 

Is your business eligible for the $30k instant asset write-off? | Prospa

If you’re considering purchasing business equipment or assets to make the most of the scheme, but concerned about disrupting cash flow to do so, a small business loan from Prospa could be the answer. Find out more.

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With Prospa’s fast application and decision, this time tomorrow you could have the funds you need to set your business up for success.

The information in this post is provided for general information only and does not take into account your personal situation. Nothing contained in this post constitutes advice or an endorsement or recommendation of any kind by Prospa. Any links to third party websites are strictly for informational purposes only. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisors. Although every effort has been made to verify the accuracy of the information as at the date of publication, Prospa, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information for any reason, including due to the passage of time, or any loss or damage suffered by any person directly or indirectly through relying on this information.

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