Blackburn Accounting - Coming changes to the Instant Asset Write-off scheme!

Small Business will need to act now if they are to beat the deadline!

What does it mean?

From July 1, the current scheme ends and it will be a return to the previous more onerous depreciation rules.

Why the change?

The Federal Government is not extending the relief measures it introduced during the pandemic. This offered temporary full expensing as part of its support package for all businesses regardless of size. The change means an end to both these popular initiatives, that encouraged owners to invest in their businesses.

What to do?

Speak with Blackburn Accounting we will provide professional advice. Depreciation is complex with many variables, such as knowing what and when to depreciate, deduct this year to reduce your tax bill can depend on if you are doing it tough or not. The scheme rules also require if you want to access the instant write-off you must have the asset installed and ready for use by 30th June to be eligible to claim it.

Difference

We guarantee a response by the next working day
Personalised service
Focus on Results
Family Business Specialists

Plans

Plans to suit your needs!

Your Accounting Partner

Your Management Accounting Partner

Your Expansion Engineer

Your Special Projects Partner

Gregg Mountford

"Tim has been our accountant for over 10 years and throughout that whole time, he has been very professional, trustworthy, efficient and a pleasure to work with. He has the capacity to understand complex issues and his knowledge is always up to date, providing a quality service."

Gregg Mountford Managing Director – Negotiator WA Pty Ltd

"Tim has been our accountant for the last eight years. He has an exceptional understanding of the for ever changing tax landscape which benefits all of his clients. As Tim has moved through his career we have followed, I think that’s testament to his ability!"

Leon Sainken Managing Director – LSA Advertising

"We have known Tim Blackburn since June 2007. He has been our accountant with the Glenrange Global Pty Ltd and Glenrange Enterprises refrigeration electrical engineering business and our food export business Auspies Pty Ltd to Russia."
Peter Shewring
Managing Director – Glenrange Global Pty Ltd

"During this time Tim has shown a professional aptitude to all matters of taxation and general advice for and to business, including the exporting business where there has been a high degree of complexity regarding accountancy, business strategies and taxation requirements.
From the exporting company inception, Tim travelled to Russia to facilitate Aussie Pie Pty Ltd for the compliance to both countries taxation regulations requirements.
Tim has the ability to place the customer and/or the company first, a rare commodity in today’s world."
Peter Shewring