Posts Tagged ‘Tax’

  • ATO’s $20,000 tax write-off closes soon

    The PIAA is urging any members interested in taking advantage of the Federal Government’s $20,000 immediate asset deductibility for small businesses to act now before it’s too late.

    The Government last year extended the instant asset write-off for small business until 30 June 2018.

     “Our members spend a considerable amount more on critical assets for their business, but our sector appreciates the continuation of this tax concession and we urge our members to take advantage of the deduction while they can,” said Macaulay.

    Small businesses can deduct the business portion of most assets if they cost less than $20,000 and were purchased between 7:30PM on 12 May 2015 and 30 June 2018.

    Supplier Starleaton is offering last minute ‘20K tax write-off deals’ on a range of printers and finishing equipment, including OKI ColorPainter E-64s, Roland TruVIS SG-540 and Epson SureColor S40600, before the deadline kicks in.

    Mimaki is also offering discounts on several printers and Pozitive has deals on the Epson S4060, Mimaki CJV1560-160 and Roland SG 540 printers. 

    The deduction is used for each asset that costs less than $20,000, whether new or second-hand. You claim the deduction through your tax return, in the year the asset was first used or installed ready for use.

    More details are available on the ATO website.