With 30th June 2018 fast approaching, time is running out to make use of the immediate write off for equipment costing less than $20,000……

The arrangement that was originally announced in the 2015 Budget and then later extended is due to expire at 30th June 2018. So if you are a small business with aggregate annual turnover of less than $2 million you will be able to immediately deduct assets, provided the asset costs less than $20,000.

This measure will apply for assets acquired and installed ready for use on or before 30 June 2018.

Should you have any questions regarding this matter, please contact Scott on 02 9957 3233.