skip to Main Content

Thinking about updating your business equipment?

Thinking about updating your business equipment?

Do you own a small business? Thinking about updating your business equipment?

There is less than 3 months till the end of financial year! If you’re thinking about upgrading your business equipment, please read on…

The Australian Taxation Office’s $20,000 Accelerated Depreciation Scheme, where small businesses can claim an immediate deduction for assets they start to use – or have installed ready for use – provided each depreciable asset costs less than $20,000, ends on 30 June 2017.

Key points for the scheme are;

  • Business assets must cost less than $20,000 + GST (whole asset)
  • Assets must be paid for, installed and ready for use by 30 June
  • Clients can purchase numerous $20,000 assets, however a higher priced asset can not be split into smaller invoices, ie unable to split a $90,000 asset over 5 invoices

There are some exclusions, so if you’re thinking about making some asset purchases to utilise the Accelerated Depreciation Scheme, please call our office on (02) 4962 2022 to discuss.






This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Back To Top