ALERT – Immediate Deductions for Assets Under $20,000 Ends 30 June 2017

The laws that were passed back in 2015 allowing small businesses to claim an immediate deduction for assets they start to use, or have installed ready for use, provided each depreciable asset costs less than $20,000 will EXPIRE AT 30 JUNE 2017.  Now is the time to discuss this with us here at Balanix if you are a small business and will need to purchase an asset under $20,000 in the foreseeable future.  It may be to your benefit to bring the purchase forward to before 1 July 2017.