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 extended after COVID.  To claim a full write off, the asset must be brought into use in your business by 30 June 2025, and be up to $20,000 in value. 

From 1 July 2025, the maximum write off available will be $1,000 for small business.  The Government MAY extend the $20,000 limit to 30 June 2026, at this stage, there is no indication of them doing so.