Immediate tax deductions on asset purchases up to $20K.
The end of the financial year is almost here, and if you were planning on doing something loud and cool with your visual communications, now is a great time to kick it into gear.
The federal government's small business tax break allows businesses with a turnover up to $2 million annually to immediately deduct the full value of every new asset purchased up to the value of $20,000 instead of claiming depreciation over a number of years. And you better believe that signage, display screens, office or shop furniture and fittings qualify.
So now is the time to stock up, freshen up or ramp up your signs and graphics.
Talk to us today about your business visibility needs and let's get cracking before 30 June.
Disclaimer: this does not constitute financial advice. Speak to your taxation consultant for advice that is specific to your individual circumstances.