Budget offers small business tax break
Does your registered business turn-over less than $2 million a year? If it does then you’re in line to claim a $20,000 tax break – courtesy of last night’s Federal budget in Canberra.
As part of the initiative to drive economic activity, businesses can buy any machinery or equipment related to their business, as long as each item is valued at less than $20,000. You can claim the full amount from your income to reduce your tax bill. Even better, there is no limit on the number of items a business can claim.
So in short; businesses now have the ability to claim an unlimited number of tax deductions for buying software, hardware or other related infrastructure for your business.
There has literally never been a better time for small businesses to make that crucial investment in technology or infrastructure. Why not use a single-source supplier for all your procurement needs? If you’re unsure about what you’re looking for or you’d just like to discuss any hardware or software purchases contact Centrix on 1300 CENTRIX (1300 236 874) or email email@example.com and mention our awesome procurement packages.
Centrix are licensed suppliers of the major technologies used by businesses across Australia, making us the go-to place to order all your hardware and software licensing needs.