Business owners, if you have a small business with an aggregated annual turnover (the total normal income of your business and that of any associated businesses) of less than $2 million, be reminded that to utilise simplified depreciation rules with immediate write off (deduct) deprecating assets that cost less than $20,000 each, the assets must be purchased, used or installed ready for use before 30 June 2017. Under these rules, you:
If you choose to use the simplified depreciation rules, you must:
Source : ATO website
2 Comments
4/12/2022 21:50:50
Gain clarity and experience more success, more often— with elite coaching that hands you the keys to unlocking your next level personally and professionally.
Reply
Leave a Reply. |
Archives
August 2020
Categories
All
|