SMALL BUSINESS INCENTIVES

SMALL BUSINESS INCENTIVE EXTENDED

Small businesses can claim an immediate deduction for eligible business assets costing less than $20,000 each, purchased from 12th May 2015 to 30th June 2019.

My suggestion to small business owners is:

If you need new business assets which cost less than $20,000 each, and you can afford to, and you are paying tax, purchase new eligible items before 30th June 2018 to claim the deduction in this financial year.

Make sure you can substantiate ALL of your tax deduction claims.

Please contact me if you need assistance.