Take a tax break with Essential Coffee before 30 June 2020!
Tax breaks don’t come around that often. With the ATO’s instant asset write-off recently being raised from $20,000 to $30,000 (the threshold is $150,000 in FY19/20 due to the Federal Government’s Covid19 offer), you can invest in an Essential Coffee commercial coffee machine and reduce your taxable income*.
Whether you’re looking to upgrade or purchase a new machine, Essential Coffee is your one stop shop for a complete coffee solution. Enquire today or call 1300 324 111.
According to business.gov.au, the instant asset write-off “means that you can reduce your taxable income, and your tax payable, in the financial year that you bought and installed them”.
Take advantage now and speak to your tax adviser or visit the ATO website to check if your business is eligible.
With the end of the financial year fast approaching, there really is no better time to invest in coffee machines and equipment for your business. Buy now, install by 30 June 2020 and you could claim for this financial year.
*Please note: This information is general in nature and should not be considered advice, please discuss your individual circumstances with your Tax Professional.