Toro Australia

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Australian Government Instant Asset-Write-Off Extended

The IAWO threshold has been increased from $30,000 to $150,000 for businesses with an aggregated annual turnover of less than $500 million. If you've purchased or are planning to purchase assets for your business, you may be eligible to claim an immediate deduction for assets less than $150,000. For more details see: the Australian Tax Office. 

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