With the end of the financial year coming up next week, it’s a great time to pick up some last minute deductions.
Now you’ll need to check with your accountant but most businesses will be able to claim an immediate full dedication on eligible assets. Combine that with getting a good price on an item before June 30 and it may make good business sense for you.
In terms of tech…maybe your computer needs an upgrade…or how about a new printer or even an ergonomic desk or chair. Getting it done before June 30 may result in some of that cash coming back to you when you submit your return.
Again…check with your accountant how that may work for your business or consult the ATO website.
