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Small businesses are central to Moore’s economy. The cafés, retailers, tradies, professional services and family businesses across Joondalup, Hillarys, Duncraig, Heathridge, Mullaloo, Kingsley, Woodvale and Padbury all work hard and are under real pressure.

One of the most practical measures in this Budget is the permanent instant asset write-off for small business.

What it is

From 1 July 2026, the $20,000 instant asset write-off is permanent.

Who qualifies:

Businesses with annual turnover up to $10 million

What you can write off:

Any eligible business asset costing less than $20,000
Deducted in full in the year of purchase — no depreciation over time

Examples of eligible assets:

Tools and trade equipment
Technology and computers
Kitchen and hospitality equipment
Fit-out items
Vehicles under the threshold

What it delivers:

Around $890 million in cash flow support to small businesses over five years
Around $32 million per year saved in compliance costs
366,000 hours saved on record keeping each year

Why permanent matters

This write-off has existed for years but was renewed annually — which made planning difficult. Business owners couldn’t invest with confidence because they didn’t know if the write-off would still be there next financial year.

Making it permanent changes that. You can factor it into your investment decisions now and going forward.

Also: loss carry back

From 2026–27, eligible companies that make a loss can offset that loss against tax paid in the prior two years and receive a refund.

Applies to companies with turnover up to $1 billion
Helps up to 85,000 businesses per year, mostly small businesses
Provides real cash flow support when a business has a difficult year

To understand how these measures apply to your business, speak with your accountant or visit the ATO small business hub at ato.gov.au

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