TAKE ADVANTAGE OF SMALL BUSINESS TAX BENEFITS BEFORE END OF FINANCIAL YEAR!

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Don’t forget small businesses can claim an immediate deduction for assets they start to use – or have installed ready to use – provided each depreciating asset costs less than $20,000.

Any business that meets the definition of a small business entity, that is one with an aggregated turnover less than $2 million, may be eligible to claim an immediate deduction for the cost of depreciating assets. To see if you’re eligible or for more information, go to:

https://www.ato.gov.au/General/New-legislation/In-detail/Direct-taxes/Income-tax-for-businesses/Small-Business—expanding-accelerated-depreciation/

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