Are you a small business with a turnover of less than $10 million? Did you know that the Government provided an extension of the 2015-16 budget measure so that you can write off eligible assets costing less than $20,000 up until 30 June 2018? Click here for further information.
However, we’d only recommend using this for purchases you genuinely need. There’s no point spending money just so you can access this deduction. So, if you’re considering using this initiative, please contact our office PRIOR to making the purchase and we can help you ascertain if it’s in the best interest of your business.