Have you taken advantage of the Governments $20,000 asset write – off for small business?
If your answer is No- then you need to speak to us find out how the Government initiative can benefit your business.
If you are an incorporated or non-incorporated small business you are able to take advantage of this offer- the only difference is the tax treatment of your purchase. Business or sole traders purchasing new or used items outright will get money back for the items, as a tax write down. Essentially, the purchase price of the asset, reduces the taxable income for the financial year in which it is purchased. This is not a one-off deal. The savings apply every time a new asset is acquired for your business under $20 K.
This is available to companies with less than $2m annual turnover.
What can I buy?
Any item that is a depreciating business asset including: cars, tools, machinery, computers, equipment and office furniture.
Available until June 30, 2017.
We can assist you with any investment, call 3245 1466 or email [email protected] today!