A small Business (with sales less then $2M p.a) can now receive an outright Tax deduction for new assets costing up to $20K.
Multiple assets individually costing less then $20,000 will receive multiple Tax concessions.
The concept of a new asset includes brand new assets and second hand assets.
Assets costing more then $20K will still enjoy the accelerated depreciation. Assets costing more than $20K (Net of GST) will not be able to benefit from the immediate Tax deduction.
If you have a 2015 tax problem and need a new business asset, then please consider purchasing the asset before 30 June 2015.
Please note that the new asset should be installed ready for use in your Business before 30 June 2015.
Please give us a call on (02) 4924 0000 and we can discuss this opportunity.