Small Business Immediate Asset Write-Off to End on 30 June 2017
Need more tax deductions? The $20,000 immediate asset write off threshold for small businesses is in its final months with the cut-off date on 30 June 2017.
Any business equipment should be bought before this date to be eligible for the immediate write off.
From 1 July 2016, the small business entity turnover threshold increased to $10 million.
Certain assets are excluded from the above depreciation rules.
Contact your Enspira Financial Client Partner/Manager to find out more or to check whether you are eligible for the immediate asset write off.