Secure your Business Deductions

Dec 04, 2013

If you are a small business owner; now may be the time to act and bring forward your capital purchases ...

If you are a small business owner, you need to act now if you wish to access the instant asset write off provisions introduced during COVID.  To claim a full write off, the asset must be brought into use in your business by 30 June 2023. 

After 1 July 2023, the maximum write off available will be $20,000 (when the Law passes), again, for small business.  This is likely to be until 30 June 2024, when the write off limit reverts to $1,000.