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Jim Chalmers announces 2026 federal budget with permanent $20,000 instant asset write-off for small businesses.

For many small retailers, the permanent $20,000 instant asset write-off may prove to be the Budget’s most tangible offering. In practical terms, it means a cafe owner replacing a failing coffee machine, a grocer upgrading refrigeration, or a retailer finally swapping out an ageing point-of-sale system can deduct an eligible expense immediately instead of watching it slowly depreciate over future tax years.

2h ago · 1 source