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Take Advantage of a $20,000 instant tax deduction!
By now you have probably heard about the federal governments small business accelerated depreciation inclusion in the federal budget.
All small businesses will get an immediate tax deduction for items costing less than $20,000 . To be eligible for this initiative, the business must have turnover of less than $2 million a year and this is based on “aggregated” turnover. Meaning all businesses you own, combined turnover.
You may not be aware, but this includes when you finance an item such as a car, truck, trailer, printer, phone system, to name but a few!
However, the finance product must involve ownership of the item being in your name.
If you would like to take advantage of a $20,000 tax deduction, by financing a new business asset, contact Bee Finance Savvy on 1300 140 554, or email us at enquiries@beefinancesavvy.com.au
You can also stay up to date with the latest news at https://www.facebook.com/BeeFinanceSavvy
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