If you’re thinking about upgrading your business equipment or investing in new tools, now’s the time to act! 💼🛠️
The instant asset write-off is back for the 2024–25 financial year – letting eligible small businesses immediately deduct the cost of assets under $20,000.
✅ Available for businesses with turnover under $10 million
✅ Covers eligible assets first used between 1 July 2024 and 30 June 2025
✅ Applies to new and second-hand items
✅ $20,000 limit is per asset – so you can write off multiple purchases!
💡 Just make sure you use the simplified depreciation rules and keep proper records.
⏳ Time is running out – don’t miss the chance to reduce your tax and reinvest in your business. Reach out if you’d like help financing your next purchase before the deadline!
#SmallBusiness #TaxTips #AssetWriteOff #EOFY2025 #BusinessFinance #InstantAssetWriteOff
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🚨 Instant Asset Write-Off – Deadline Fast Approaching! 🚨