Small business with an aggregated turnover of less than 2 million (this includes sole traders, partnerships, companies or trusts) have been able to immediately deduct most assets purchased for less than $20,000 since 12/05/2015.
This immediate deduction ends on 30/06/2017.
If your business is considering purchasing a depreciating asset, it would be worthwhile making the purchase before the end of this financial year.
Now would be the time to plan for this, especially if you are considering an IT upgrade.
Contact us if you would like to discuss the possibility of purchasing any IT equipment, we would be happy to recommend or quote on a suitable solution for your business.
For more information, please refer to this Australian Tax Office link and/or consult with your accountant.
https://www.ato.gov.au/business/small-business-entity-concessions/what-s-new-for-small-business/
