If you are contemplating starting up a photog business, but struggling with the initial expense of gear, then this tax break may help out...
Basically prior to this change, if you made a purchase over $1k then any claim made through tax was through depreciation - not ideal for cashflow. Now that threshold is $20k - meaning big ticket items like pro level cameras, lenses and computers, even a vehicle are now able to be claimed as a full deduction - meaning you'll be out of pocket for less time.
Please note I'm not an accountant!!! So seek advice before making any major business purchases