End of Financial Year - Tax Incentives

When preparing for "tax time", we all think about maximising deductions.

TAX DEPRECIATION INCENTIVES

Under Economic Stimulus Measures there are currently three temporary tax depreciation incentives available to eligible businesses:
  • Temporary full expensing
  • Increased instant asset write-off
  • Backing business investment

Download ATO Guide Download ATO Guide

Business Owners may be eligible to claim a tax deduction for a range of new and used business assets such as:

• Motor vehicles - cars, utes, trucks and trailers
• Equipment, Machinery and Tools
• Technology hardware – computers, laptops, monitors, printers

These assets can be financed and still be eligible for the deduction.

Don't delay – get in early to arrange finance & avoid missing out.

Many lenders have already warned of delays and backlogs in processing finance applications for approval and settlement, before End of Financial Year.

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