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Expanding accelerated depreciation for small businesses


Small business tax deductionThe Government has proposed to expand accelerated depreciation by allowing small businesses with an aggregated annual turnover of less than $2 million to immediately deduct each asset that costs less than $20,000. An eligible small business can claim an immediate deduction for any software purchased off the shelf, costing less than $20,000, that is used exclusively for business purposes. An eligible small business can also claim an immediate deduction for the cost of developing software for use exclusively in its business, where the cost is less than $20,000.

There is no limit on the number of items

It’s important to remember that this new small business incentive is based per tax deductible item, so each item you can claim under the new 100% tax deductible threshold can be valued up to $20,000, with no limit on the number of items you wish to claim. As such, you can feel confident investing money, not only on what the business needs to continue, but what it needs to grow. Whether you’re looking to invest in new licenses, renew our support service on your current licenses or even contract our advisory and implementation services, now is the time.

What can EstateMaster offer?

EstateMaster’s entire software portfolio is eligible to be claimed back under the new scheme. To help our customers take advantage of this incentive we’re offering a bundled software support package. We can combine two or three years’ worth of support into a single price point, giving you peace of mind that your costs are all taken care of up front. Packaging future support also has the added benefit of price protection on potential price increases.

Contact EstateMaster today to see how we can help support your business by providing you with industry standard, easy to use, property software and services.

How can you find out more about the current rules and eligible assets?

For information about the current rules and assets that are eligible to be deducted under the current instant asset write-off threshold, you can ring our representatives on 02 8198 7600 or alternatively, contact the Australian Taxation Office on 13 28 66.


Date Published: 15 Jun 2015

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