There's good news for small business in the latest federal budget with the extension of the $20,000 instant asset write-off extended for another year until 30 June 2019.
MYOB's recent Australian small business snapshot confirmed this was the most requested measure for the 2018 budget and 7 out of 10 small business owners want the policy to become part of permanent taxation policy.
If you're a small business with less than $10 million in annual revenue, contact B2B to work out how to take advantage of this opportunity.
How best to use it? Ask your trusted advisors. Our money is on those assets that you don't want to wait years to depreciate; such as IT hardware, computers, phones, tablets, work vehicles, tools and equipment.
Talk to us now on 0414 661 151, for planning both the End-of-Financial-Year and the needs of 2019.