Low Cost Asset Write Off
The $20,000 immediate deduction threshold for assets purchased by businesses with an aggregated turnover of under $10 million ends 30 June 2018.
If you are a small business, and eligible to access this deduction, it’s your last chance. So if you NEED plant and equipment there is a argument to purchase before 30 June 2018.
Remember that if you don’t need anything, then don’t buy just for the sake of it. It makes no sense to spend a $1 in order to save 27.5 cents !
Great news, since this was first published, the May 2018 budget has extended this for a further 12 months to June 2019