The instant asset write-off scheme allows you to claim tax deductions on multiple pieces of equipment worth up to $30 000 each. This makes it an effective way to make major upgrades to your business while taking advantage of the instant asset write-off. What is the instant asset write-off and what has changed for 2019? Introduced in 2016, the instant asset write-off was initially set at $20 000 for small businesses only and was due to end…