Tax Tip - Immediate tax deductions If you purchased a new - TopicsExpress

Tax Tip - Immediate tax deductions If you purchased a new business asset during the FY2014 financial year, the threshold increased from $1,000 to $6,500 if you acquired and installed ready for use during FY2014. This means you could claim an immediate write off deduction for the depreciating asset that costs less than $6,500 (subject to certain tests, requirements, proposed tax law changes). Email [email protected] or call 0400552507 to see if you are eligible for the instant write off. For other tax tips check out facebook/purplenumbers

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