Small Business Tax Break
Use Your $20K Small Business Tax Break Now
Did you know that you may be able to get up to $20K back as a tax write-off with the small business tax break? The Australian government introduced a new incentive for small business owners to spend more money last year. If you are eligible you could be missing out on a $20K write off!
Who is Eligible?
All sole traders or small business in Australia with an ABN can claim the tax break if –
- Your annual turnover is less than $10 million
- The asset was first used or installed ready for use in the 2017-18 income year.
What Can You Spend It On?
You an claim the small business tax break on a variety of online services including:
We build stunning WordPress websites including Search Engine Optimisation (SEO) on all pages, starting from $1,500 + GST. We can also upgrade your existing website, make it mobile responsive and/or transfer it to WordPress.
Domain Names & Hosting
We can assist you to register your new domain name through a third party provider such as Crazy Domains.
If you have a new domain name we can assist to setup personalised email addresses which are hosted through a third party such as Crazy Domains.
How Does it Work?
You should be able to simply purchase the items outright and then offset the funds against your 2017-18 tax bill. Furthermore, there is no limit on the number of products that you claim, as long as they total up to $20,000.
However, we do suggest that you consult with your tax agent before making a decision.
Want to Know More?
Contact Brad today for advice on how to use your small business tax break in Australia.