Tax Breaks for Small Business

You are here

Have you taken advantage of the Small Business tax breaks available now?

Make it your 2016 Business goal.

In the 2015 Federal Budget, Small businesses were given a helping hand by expanding the instant asset write-off to all purchases costing less than $20,000.

The best part? It’s uncapped.

The $20,000 rule can be applied to as many assets that a business purchases - and rather than writing an asset off over four years, as was previously the case, the cost of new assets can be written off immediately against current year income. 

Some of the fine print

  • Your business needs to have an annual turnover of less than $2 million. 

  • Almost all depreciating assets (including new and second hand) are eligible. The write-off can be used for anything to help run your business: cars, tools, machinery, kitchen equipment, computers and other IT assets, office furniture, coffee machines and even software!

  • This accelerated depreciation comes into effect immediately and will continue until the end of June 2017. 

Read more.... For all the facts on accelerated depreciation...

How can you take advantage of it?

  • A great first step to take advantage of the new asset write-off rules is to review the performance of your business to see where an investment in new assets would yield the best return.

  • Small businesses should consider whether investing in or upgrading technology and productivity tools could drive more efficient business processes, taking pressure off that other key commodity – time.

  • Another way to benchmark your innovation levels and understand the impact modern technology can have on your business is to look at what other companies are doing and learn from their experience.

What can Area9 do to help?

Your company may need new computers, updated software, an updated server or perhaps you just need someone to come and take a look at your current infrastructure and devise a right-fit solution for your business needs.

If your company would like to invest in upgrading your current IT assets, contact Area9 - we will listen and take steps according to your business requirements.

Now is the time!

Contact Area9 IT Solutions today

Phone:  08 8984 2500