We are getting closer to that busy time of the year again: Tax Time.
If you are a small business, it’s time to balance the books, organise your receipts and go shopping!The Government’s $20,000 tax deduction initiative is one of the best tax breaks for small businesses in Australia
and a great excuse to do some shopping. In a nutshell, businesses can buy and instantly write-off items of machinery or equipment for use in their business, provided the asset costs less than $20,000 and was purchased between 12 May 2015 and 30 June 2018.
It’s important to note that the benefit is only applicable if you qualify as a small business entity.
Rands Financial Services helps you maximise your 2018 tax time savings with discounts across a huge range of tax deductible items such as office furniture, kitchen equipment, laptops, printers, tablets, and more.
The $20,000 limit applies to each individual item, and you can apply it to as many items as you want.
to find out how you can benefit.