Federal Budget 2015. Good news for small businesses.

EFS — Fri, 15 May 2015 22:13:59 +0000

HOW TO GET THE NEW SMALL BUSINESS TAX WRITE OFFS….

If you are registered business, i.e. you have an ABN, and it turned over less that $2 million you can claim.

Businesses can buy any machinery or equipment related to their business if each item is valued at less than $20,000. You can claim the full amount from your income to reduce your tax bill. There is no limit on the number of items a business can claim.

WHAT YOU CAN CLAIM…

Cars, vans, utes, trailers, motorbikes, lawnmowers, ovens, fridges, coffee machines, other machinery, kitchens, tables and chairs, carpets, printers, photocopiers, tools, welding equipment, saws, generators, pumps, solar panels, heating, hot water units, water tanks, air conditioning units, sound and security systems, computers – any item used for running the business – will be 100 per cent tax deductible.

IT IS TIME TO BUY!

You’ll have effectively two years to take up the tax break. The small business tax deductions starts at 7.30pm May 12, 2015, and end on June 30, 2017.
WHAT ARE YOU WAITING FOR…. Find the equipment you need and contact us to get you finance sorted!

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