20000 good reasons to buy

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By now you will be well aware that small business owners have come out on top in the 2015-16 Federal Budget.

But what does this really mean for foodservice professionals? And who qualifies for these newly announced tax breaks?

If you are a registered business and turn over less than $2 million a year, your company tax rate will be reduced to 28.5 percent, plus you are eligible to write off business assets up to $20,000 per item.

small business

What am I eligible to claim back?

Any item for your commercial kitchen, from ovens to blast chillers and even a blender are now 100% tax deductible, as long as it is valued under $20,000 each.

How do I claim it back?

You can claim the full amount from your income to drastically reduce your tax bill. Plus there is no limit on the number of items a business can claim.

When does it start?

RIGHT NOW! Meaning you can buy up today and reduce your next tax bill. Reduce your FY15 Tax Bill by installing by end of June.


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