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The end of the financial year is fast approaching, so make sure your cafe has everything it needs to succeed by taking advantage of instant tax deductions on any new assets that cost $20,000* or less. *Terms and conditions apply.

For any enquiries you may fill out the "Contact us" form at the bottom right of this page or call us 1300 302 522 .

*. From 12 May 2015, small businesses with aggregate annual turnover of less than $2 million are immediately able to deduct assets they start to use or install ready for use, provided the assets cost less than $20,000. Subject to the passage of legislation, the Australian government has proposed that the $2 million threshold will increase to $10 million from the 1 July 2016. This will apply for assets acquired or installed ready for use until 30 June 2017. The $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish. You should seek professional advice to determine whether you are able to claim a deduction for such purchases.


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