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Get 100% Tax Write Off on Office Furniture up to $20,000

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A new initiative announced by the government in the federal budget on May 12th, gives a 100 per cent tax deduction allowance for small businesses with a turnover of less than $2 million to spend up to $20,000 (per item) on purchases for your business.

WHO GETS IT?

If you are registered business with ABN, and generate sales of less that $2 million you may be eligible for the government's new 100% tax deduction initiative.

You can buy any machinery or any equipment related to your business (including office furniture) if each item is valued at less than $20,000.

You can claim the full amount from your income to reduce your tax bill. 

Previously, all business related goods purchased above $1,000 would have to go in your books as an asset and be depreciated over 5+ years.

Now you can claim the full amount up to $20,000 (per item) as an expense.

There is no limit on the number of items a business can claim.

WHAT CAN YOU CLAIM? - TAX WRITE OFF CATEGORIES


Cars, vans, ovens, fridges, coffee machines, kitchens, office desks and chairs, carpets, printers, tools, solar panels, sound and security systems, computers – any item used for running the business – can be written off.

WHEN DOES IT FINISH?


You'll have 2 years to take up the tax break. The tax write-off initiative will start on May 12th, 2015, and end on June 30th, 2017.


Beautiful, Healthy & Productive Workplace Solutions

We create beautiful workspaces that uplift the wellbeing & performance of people and business.

Through interaction and collaboration ideas are born. Our products & solutions encourage interaction and collaboration, allowing your employees to be more happy and productive.

Our furniture designs inspire your employees and help bring your Company's ideas to life by encouraging spontaneous meetings and discussions through bench-style and standing desks, social areas & open lounge seating.

When people feel better — they work better! Inspire and stimulate your employees by getting rid of cubicles and other barriers to interaction.

We offer furniture supply, install and office space planning & design services Australia wide, including: Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth & Hobart.

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