Small business retailers are responding quickly to the accelerated depreciation tax benefit which came into effect on July 1. It’s clear from the activity over the last two weeks that plenty of small business retailers were holding off placing orders for Point of sale systems until the tax break came into effect. We’re thrilled as it’s helping us kick off the new financial year with an excellent surge.
Thanks to our in-house CPA we are able to ensure that our invoices meet the requirements for retailers to tap into this valuable business benefit from the federal government. There are rules associated with the accelerated depreciation and it is important for retailers to understand these before purchasing.
Click here to connect to the ATO details on the accelerated depreciation arrangements.