Are you a small business owner (e.g. with less than $2 million turnover)? There’s still time to claim immediate deductions this financial year for the cost of depreciating assets less than $20,000.
For example, AusBox Ute Canopy customers can invest in a new, custom-built and Australian-made ute canopy – the exact size, shape and layout you need – and claim your deductions back this year!
Previously, you’d have to wait years to claim full depreciation. Now, you can get that money back in your pocket sooner.
To qualify, you need to have your new assets purchased and installed by 30 June 2017. That’s just 6 weeks away, so you’ll need to decide soon to avoid missing out!
Want to know the best news about the ‘accelerated depreciation for small businesses’ legislation?
There’s no limit to the number of assets you can write off. So even if you bought a fleet of canopies (or spray units, pumps, toolboxes or anything else), you could claim each one immediately!
(Please remember this information is for a general understanding – please talk to your accountant or business advisor about your individual business and taxation needs.)
But don’t dawdle… it must be purchased and installed before 30 June 2017.
To remind you, the old system meant that only purchases over $1000 would qualify. So buying a new cordless drill – fine. Investing in something that saves you time and makes your business more profitable – would have taken years to slowly claim back.
So rather than wait another whole year to get your tax back, make the most of the ‘instant asset write off’ now.
Want to find out more information? Visit the ATO website or call 13 28 66.
Need a ute canopy or pest equipment, read on…
Austates Pest Equipment and Ausbox Ute Canopies
Ausbox has a range of pest equipment, complete spray units, and ute canopies made to your specification.
Ausbox ute canopies are hand-made right here in Australia. Only AusBox can provide the level of experience and input to design a ute canopy that works better than you can ever imagine.
For over 10 years, we’ve been building custom canopies for pest control, builders, electricians, off-road 4WDs and plumbers that go way beyond customer expectations. Each one is made to last using high-quality aluminium, hinges and drawers to help you get on with the job.
To find out more, visit AusBox now.