Catering Equipment News

Don’t forget the $20,000 instant asset write off this tax time!

Tuesday, May 02, 2017

Recent changes to tax law mean that eligible small businesses* may now claim an immediate deduction for individual equipment purchases up to $20,000, instead of having to claim them as deductions over several years.

This means that small businesses will get an immediate tax deduction for any individual assets they buy prior to June 30 2017 costing less than $20,000. (Previously, the threshold sat at $1,000).

To make the deal even sweeter, we have slashed the price on a range of cooking equipment in the lead up to June 30! Visit us in-store, or check out our online equipment sale to grab a fully deductible bargain!

*The $20,000 instant asset write off is available only to eligible small businesses with an annual turnover of less than $2,000,000. This information is general in nature and does not take into account your circumstances. To find out more about eligibility criteria and the asset write-off, we recommend consulting with your accountant. For more information, visit the Australian Taxation Office website.