EOFY $20,000 asset write-off

In case you missed it in the budget, the government has extended the $20,000 asset write-off for SME’s for another 12 months.

What does this mean?

Until June 30 2018, SME’s with a turnover under $10 million are eligible for an immediate asset deduction up to $20,000.  Speak to your accountant first but in general. Any hardware used in the day to day running of the business is eligible for this write-off.  This includes phone systems, servers, PCs & Notebooks.

So, now is a great time to invest in your businesses growth. First improve productivity or just address those old and outdated systems. They may be vulnerable to security flaws such as the recent “WannaCry” saga.

Call for more information about any hardware, software and security requirements.