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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,

Please seek independent tax advice for your business.

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