February Finance Updates for Aussie Tradies – because small changes in the economy can mean big opportunities for your business.

As the month rolls on, there are a few financial updates worth knowing about. Whether you’re working solo or running a growing team, understanding how these changes impact your cash flow and tax planning can help you make smarter decisions before EOFY.

Interest Rate Cut: What It Means for Tradies

The Reserve Bank of Australia has dropped the official cash rate by 0.25%, bringing it down to 4.10%. While that might not seem like a big shift, it opens up some smart opportunities for tradies who want to invest in their business.

Here’s how lower rates could help you:

✅ Upgrade your tools and equipment using more affordable financing
✅ Buy a new ute or work vehicle with lower interest repayments
✅ Expand your operations by taking on larger jobs or hiring extra help

If you’ve been thinking about borrowing, now could be a good time to lock in a better deal.

$20K Instant Asset Write-Off Still Available

Good news – the $20,000 instant asset write-off has been extended through to 30th June 2025. That means you still have time to make eligible purchases and claim the full amount as a deduction this financial year.

Here’s why it matters:

✅ Claim a full deduction at tax time for eligible assets under $20K (ex-GST)
✅ Invest in new gear like tech, trailers, or tools to stay efficient
✅ Lower your taxable income and improve overall cash flow

Just make sure any purchases meet ATO guidelines. You can learn more via the official ATO asset write-off page.

Keep Your Books Tight to Maximise These Wins

To make the most of these opportunities, your bookkeeping needs to be sharp. Don’t let poor records or late reconciliations cost you deductions or delay financing.

Here’s what we recommend:

✔️ Track your purchases and receipts properly in Xero, MYOB or Quickbooks or your accounting system
✔️ Review your current cash flow so you know what you can afford to invest
✔️ Get help early so you’re not scrambling at tax time

At Tradies Bookkeeping, we help tradies across Sydney, Melbourne, Brisbane, Perth, Adelaide, Canberra, Hobart, Darwin, and beyond stay ahead of financial changes, stay compliant, and stop missing out on tax savings.

📧 bettina@tradiesbookkeeping.com.au
📱 0424 467 921

P.S. Let’s make sure your numbers are ready to back up your big decisions this year. 💪