What does the 2015 Federal Budget mean for small businesses? It’s simple really, small businesses with a turnover under $2 million can make immediate tax deductions for capital purchases of less than $20,000.
Please think about what you need right now! Do you need to upgrade your computer equipment or machinery or simply need to update your car? If you do, this tax break will apply to you as long as the purchase is up to the value of $20,000!
Remember, you must make this purchase before 30th June, 2015!
For more information or any other bookkeeping enquiries, please call us at Shoebox Bookkeeping now!