$20K Instant Asset Write-off for Small Businesses Expiring Soon
Until the end of June this year, small businesses with a turnover of under $10 million may be eligible to immediately deduct depreciating assets costing under $20,000 (purchased after 12 May 2015). This instant asset write-off threshold will reduce to $1,000 from 1 July 2018.
This is an excellent opportunity for your small business if you are currently thinking about upgrading your IT assets, but must be acted upon quickly.
Please contact OIA if you are interested in discussing upgrades or additions to your IT infrastructure.