You have until the 30th June 2018 to take advantage of the Australian Taxation Office’s $20,000 Instant Asset Write-off. If your small business has a turnover of less than $10 million you can write off assets costing less than $20,000 each your 2017-18 return. The $20,000 write-off threshold applies until 30 June 2018.

If you are in need of an NBN ready Telephone or Computer System, Now is the time!
To be eligible for the $20,000 Instant Tax Return your item(s) must be:

  • Under $20,000 Each
  • Purchased and Used or Purchased and Installed for use by the 30th June 2018

For more information on our NBN ready Phone and Computer Systems contact our expert team as soon as possible to ensure your purchase is eligible for this amazing Instant Tax Write-Off.

Here are some links which will help you with some extra information: ATO Information –

Eligibility –
https://www.ato.gov.au/Business/Small-business-entity-concessions/Eligibility/

Applying the Tax Write Off –
https://www.ato.gov.au/Tax-professionals/Newsroom/Income-tax/Applying-the-$20,000-instant-asset-write-off-/

Rules-
https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/In-detail/Depreciating-assets/Simplified-depreciation—rules-and-calculations/?anchor=Instantassetwriteoff#Instantassetwriteoff