The Australian government has increased the instant asset write-off threshold to $150,000 (for business' with a turnover of less than $500m). This means that at tax time, your business can instantly write-off 100% of your machinery purchase against business profits .... resulting in a massive saving on your 19/20 business tax burden.
So, if you are considering a new machine there has never been a better time than now.
Only valid on machines purchased prior to June 30th, 2020
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