The small business instant asset write-off of assets worth $20,000 or less will end on 30 June 2017.
If you are a small business (with aggregated turnover of less than $2 million) and are contemplating buying business plant or equipment, then you should consider doing so before the end of the financial year – which is just around the corner!
Remember that assets need to be bought and installed ready for use on or before 30 June 2017.
Please contact us before making any purchases to check whether or not you will qualify for the immediate deduction.
More small business accounting tips & information
- Plan for success with your Stratogen small business accounting partner
- Small Business Superannuation Clearing House (SBSCH) changes
- $20,000 instant asset write-off for small business
- Small business tax concessions
- Small business accounting – simpler BAS from 1 July 2017
- ATO Tax Essentials Workshops Noosa
- Is your small business SuperStream compliant?
- Small business capital gains tax concessions
- What’s the difference between contractors and employees?
Noosa Small Business Accountants & Financial Planners
Stratogen consists of a team of expert accountants and business advisers dedicated to providing you with the highest quality of taxation, accounting and financial management services.
Additional business services include tax minimisation structuring, business valuations and due diligence, business restructuring and audits. We also provide professional bankruptcy and insolvency advice to Accountants, Financial and Legal Advisers, Corporations and Individuals. Our primary goal is to ensure all parties are treated with respect.
Our accounting firm’s head office is located at Noosa on the QLD Sunshine Coast. Our expertise is unparalleled and thus we work with clients residing and working in Noosa, Mount Isa, interstate around Australia and internationally.
Call (07) 5474 0711 Email Us Make an Enquiry
