Time-Sensitive Tax Break for Businesses!
Key Details:
Eligibility: Small businesses with <$10M turnover.
Threshold: Deduct the full cost of assets <$20,000 per item.
Deadline: Assets must be purchased this financial year and used/installed by 30 June 2025.
Multiple Claims: Write off unlimited assets under $20k each.
What Qualifies?
New or second-hand equipment, machinery, vehicles, software and technology
Cost additions to previously written-off assets.
Pro Tip: Finance these assets for a WIN WIN
Warning: Delays in asset delivery/installation past 30 June 2025 could mean missing out.
Next Steps:
Plan purchases now to lock in deductions before the deadline.
Reach out today to discuss how your business can take advantage of this incentive.
