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Tax Break for Small Business | Take Advantage Today!

Tax Break for Small Business | Take Advantage Today!

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May 17, 2015

Great News for business's with a turnover of less than $2million!

Tax Break for Small Business

Thinking of updating your equipment or purchasing some additional accessories? Take advantage of the tax break for small business today!

This is awesome news for anyone running a Carpet Cleaning Business who wants to update or add on equipment!

This includes all equipment such as Carpet Extractors, Tile Cleaning Accessories, Wands and More!

All small businesses will get an immediate tax deduction for any individual assets they buy costing less than $20,000. (Currently, the threshold sits at $1,000).

This $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish. These arrangements start from Budget night and continue until the end of June 2017.

Source:  Budget 2015 

Note: Always speak to your accountant for advise.