Business Savings from Full Expensing
The Australian Government’s temporary full expensing policy means that eligible businesses can immediately deduct the cost of new assets, such as workshop equipment, rather than depreciating them based on their effective life. Businesses with a turnover of less than $50 million can fully expense second hand equipment too.
The incentive is available till 30 June 2023.
This on-demand session will explore how you can use full expensing to reduce the overall cost of your equipment purchases, with worked examples and tips to make sure your new equipment is eligible.