DEPRECIATION FOR SMALL BUSINESS
& END OF FINANCIAL YEAR.
The Australian Government continues to offer accelerated depreciation by allowing small businesses with aggregated annual turnover of less than $500 million to immediately deduct each asset that cost less than $150,000. The measure will apply to assets (like office furniture) acquired until 30 June 2020. A great incentive to buy!
Now is the time to look for ways to spend your remaining Capital Expense budget. To take advantage, you need to purchase and have installed, ‘ready to use’ on your premises, before the 30th June 2020 so you can claim the benefits in your 2019/2020 tax return.*
Equip Office Furniture can help you find the right furniture for your workspace; whether it is a stock item displayed in our Showroom or custom designed for your specific environment.
* Equip recommends you consult your accountant on all taxation issues prior to purchase.