WE’RE CELEBRATING THE EXTENSION OF THE ATO’S INSTANT ASSET WRITE-OFF SCHEME. THE $20,000 LIMIT REMAINS! The ATO’s Instant Asset Write-Off Scheme was due to be reduced this year to $1,000, but the current limit has now been extended until 30th June 2019. This scheme allows SMEs to instantly write off any eligible asset purchase up to $20,000 value, effectively reducing the company’s taxable income for the year by the value of the asset.* To celebrate this extension, we have some great Asset Tax Write-Off Specials.