Simpler Depreciation Rules for Small Business

[box style=”solid”] The ATO has reminded small businesses with turnover of less than $2 million (ie small business entities or ‘SBE’ that the depreciation rules for business assets are now simpler from the 2012/13 income year onwards. Assets costing less than $6,500 The small business instant asset write-off threshold has increased from $1,000 to $6,500…