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Posted: 24/05/2018

EOFY 2018 – Tax Savings on Machine Purchases

 

Small businesses with a turnover of less than $10 million would be aware of the instant write-off for assets under $20,000 purchased for business use. Eligible businesses can buy equipment related to their operations, and as long as each item is less than $20,000, they can claim an immediate tax deduction.

If you’re ready to upgrade from a manual packing process to a semi, or fully automatic process then perhaps this is now the right time. Please check our website for packaging options or contact us to discuss your operational needs, venus@venuspack.com.au.

Please seek independent tax advice for your business.