$20,000 tax break still available!

November 9, 2016

The 2015 Federal Budget announced the $20,000 tax break for businesses who are purchasing assets for their business.   It's important to remember this tax break is still available right through until 30 June 2017 which means you have over six months to take advantage of this great initiative.  The assets you can buy include cars, trucks, IT equipment, trailers, farm equipment... pretty much anything that is used in your business.  You can buy new or used, from a licenced dealer or through private sales.

Astute are able to help with the finance of these purchases which may further increase the tax benefit to your business.  Of course, you should check with your accountant before making any major decisions to ensure the purchase is right for you and will be beneficial tax-wise.

For more information just give us a call on 1300 306 694 to see how we can help you.

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