More small businesses take advantage of tax break

Updated October 23 2017 - 1:15pm, first published 1:00pm
Businesses with less than $10 million annual turnover can still instantly write off asset purchases up to $20,000.
Businesses with less than $10 million annual turnover can still instantly write off asset purchases up to $20,000.

New England MP Barnaby Joyce said his electorate had one of the highest take-ups of the $20,000 instant asset write-off according to 2015/16 tax office data, with Tenterfield accounting for 135 of the 955 small businesses in New England taking advantage of the tax break.

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