It might be a good time to make that purchase before 30 June.
The ATO has increased the instant asset write-off threshold to $30,000.
The instant asset write-off is a tax deduction that reduces the amount of tax your business has to pay. Small business owners get the benefits of an immediate deduction, rather than having to depreciate an asset over the term of its useful life.
The revenue threshold for accessing the write-off is also raised from $10 million to $50 million, and it can be used multiple times for multiple assets.
Click this link for more information and to find out if you are eligible:
Or get in touch to find out more: info@oneplusonebooks.com.au
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