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DeFreitas ComputersNews$20,000 Small Business Tax Deduction

$20,000 Small Business Tax Deduction

The new FY16 Federal Budget has included some benefits for small businesses.

If you operate a small business with a turnover of less than $2 million you can now obtain an immediate tax deduction on selected items costing less than $20,000.

The types of items which are eligible for the accelerated depreciation include anything which is used to run your business for example: Computers, Printers, IT equipment, Office furniture, Vehicles, and Tools. Items which do not apply to the deduction include stock, marketing costs and office software.

Items over $20,000 can be depreciated at 15% in the first year and 30% per year after that until the value drops below $20,000 where it can be deducted immediately.

For more information on these new tax changes please visit

For assistance with making the right choice for your businesses IT equipment purchases, we are only a phone call away.

Call: (02)9560 2955

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