As a part of the budget the Government has announced that all small businesses, with a turnover of less than $2,000,000 are able to write off an asset purchase provided it cost less than $20,000.
Currently the limit is $1,000.
This new measure will apply for assets acquired and ready for use between 7.30pm (AEST) 12 May 2015 and 30 June 2017.
If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com
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