The treasurer announced in the 2015 Budget that small businesses with aggregate annual turnover of less than $2 million will immediately be able to deduct assets they start to use or install ready for use, provided the assets cost less than $20,000.
This will apply for assets acquired or installed ready for use until 30 June 2017. The $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish.
You should seek professional advice to determine whether you are able to claim a deduction for such purchases
For more info visit
JPComputer Solutions for all pricing on
buying computer hardware online Australia for all you computer hardware needs.
The treasurer announced in the 2015 Budget that small businesses with aggregate annual turnover of less than $2 million will immediately be able to deduct assets they start to use or install ready for use, provided the assets cost less than $20,000.
This will apply for assets acquired or installed ready for use until 30 June 2017. The $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish.
You should seek professional advice to determine whether you are able to claim a deduction for such purchases
For more info visit JPComputer Solutions for all pricing on buying computer hardware online Australia for all you computer hardware needs.
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