Phone Wizards

Small business can save up to 28.5% on phone systems before 30 June 2017

phone-system-budgetAs part of the new Federal Budget SMALL BUSINESS CAN SAVE UP TO 28.5% ON ALL TELEPHONE SYSTEM PURCHASES BEFORE 30TH JUNE 2017!

 

 

As part of the Federal Budget key initiatives to support small businesses, assets such as phone systems costing less than $20,000 will be eligible for immediate deduction. This represents an immediate tax saving of 28.5% for assets purchased and installed ready for use between 1/7/2015 and 30/06/2017.

Small businesses are those with an aggregated annual turnover of less than $2 million. It’ll be the most tax effective for small business to purchase phone systems before the end of this financial year.

There is no better time for small business customers to invest in the tools that will help them to achieve their big ideas.

Small Business Immediate Tax Deduction for Assets Under $20,000

***EXAMPLE for a $5,000.00 purchase***

For small business with a turnover of less than $2 million

                                                           Purchased & Installed

                                                           ready for use between

                                                           1/7/2015-30/6/2017

Value of a new

telephone system including

installation (ex GST) ¹                        $    5,000.00

 

Immediate deduction tax savings ²    $    1,425.00

 

Net cost to business¹ ²                    $    3,575.00

 

¹ Please note that you are still entitled to claim your GST credit, if you normally do.

² Based on company tax rate of 28.5% from FY15-16

Disclaimer: This calculator is for general information only and should not be considered as financial or taxation advice. Please consult your professional financial and taxation advisor for full details and advice.

For more information contact our Sales team on either 02 4983 0030,
0403 457 07
9 or sales@phonewizards.com.au

Maitland & Hunter Valleys leading Communications business
– Est. 1991