Meet the Author:

Ash Baker

Ash is the Creative Lead at Bizcap, where he’s been a member of the Marketing team since 2022. Before that, his professional experience centred around supply chains. As well as being a slick content creator, his interests lie in creating audience-first strategies that drive long-term organic performance. Follow Ash on LinkedIn.

What is the $20,000 Instant Asset Write-Off and How Does It Work in 2024?

The instant asset write-off allows businesses to immediately deduct the cost of an asset in the year it was purchased, instead of gradually depreciating it over time. Are you eligible and what assets can you claim?