Now is the time for small business retailers to consider purchasing new point of sale (POS) hardware and or software. Commitments made over the next few weeks could result is a tax deduction this financial year – without breaking the law.
While we are not tax specialists or advisors, we do understand that some of the packages we sell could be financed in a way which could result in a deduction of several thousand dollars this financial year. Hence the need to act in advance of the end of the financial year.
We are wary of tax minimization schemes and would never guide our clients in that direction.