IT Support Sydney Assets

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Get money back on your IT assets

Alex Dance

Get money back on your IT assets
The Australian government is being even more generous by passing money to small businesses and have increased the Asset Write-Off Scheme from $20,000 to $30,000.

How Does it Work?
If you purchase new or used Assets up to the value of $30,000 excl GST you can write off 100% against your 2019 Taxable Income if the Asset is installed or delivered by 30 June 2019. If you buy an asset for $100 then when you do your tax in July or so you will get a $27.50 return (assuming a company tax rate of 27.5%)

Which Assets Qualify?
All business related equipment including IT equipment, laptops, servers, printers, cables, etc.

How many Assets can you Purchase?
There is no limit to the number as long as each asset is less than $30,000 excl GST.

Should you be buying and replacing IT assets anyway
There are some assets such as laptops that are essential. These IT assets have a limited lifetime and should be reviewed on a regular basis by Insight Integration.

What about moving to the cloud
There are assets such as servers where it may be better to move to the cloud. We are experts at helping businesses move to the cloud through a cost-effective, reduced risk approach. Eliminating the need for hardware/servers and software including licenses not only saves money but keeps data more accessible at all times. See our article on the cloud here.

What else is there
When talking about writing off assets most people think about hardware and the cloud but other types of IT assets we manage include:

  1. Software – There are 2 types of software – if installed by IT and those not installed by IT but by staff who may be inadvertently harming the business. See our article on this in more detail here.
  2. Hardware including PCs, laptops, printers, routers, copiers, handsets and any other device used for IT and data management purposes.
  3. Mobile devices – can be bought on a plan or purchased upfront. Managing data on mobile devices is an important part of any business security and employee satisfaction.
  4. Digital assets such as documents, presentations, photos, videos, and digital data, for your business and your clients.


How we help
Your IT assets are becoming more valuable as business shifts to a digital world. By following IT best practices we track trends in the IT asset cycle, and are always on the look out for time-and-money-saving areas. We offer a full range of IT services and we specialize in:


The ATO fine print
We are not accountants and there are some more rules and you should see an accountant to clarify if this makes sense for your situation. Eg This is available to all businesses with an annual turnover of less than $50 million p.a. For more information from the ATO click here