If you’re a small business owner or tradie, you’ve got until 30th June 2025, to take advantage of the $20,000 instant asset write-off – but there’s no guarantee it’ll continue after that. If the threshold drops back to $1,000, this could be your last chance to claim a big tax deduction on tools, vehicles, and equipment.

🔹 What does this mean for tradies and small businesses?
✅ Immediate tax deduction for eligible assets under $20,000
✅ Applies to work tools, equipment, utes, and tech
✅ Available for businesses with turnover under $10 million

🔹 What should you do?
✔ Plan ahead – don’t wait until June 2025 to make your purchases
✔ Talk to your accountant to confirm eligibility
✔ Invest in your business now while this tax break is still available

Will the government extend this benefit? Maybe. But if they don’t, delaying could cost you.

Are you planning to make the most of this before EOFY 2025?

P.S.  If you would like a helping hand, feel free to reach out at bettina@tradiesbookkeeping.com.auor 0424 467 921.