For our Australian clients
The Australian Federal Budget 2015 delivered by Treasurer Joe Hockey announced a series of key surprises which will allow small business to work smarter and more efficiently with new technology.
Instant Asset Write Offs For Depreciating Assets that cost less than $20,000. This ruling came into effect on May 12 2015 through to June 30 2017. Prior to this, small businesses were eligible to claim an immediate deduction off the cost of assets purchased for business purposes less than $1,000. The threshold of $1,000 will revert back after June 30 2017.