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From the Australian Taxation Office's Small Business Newsroom:

Take advantage of small business concessions

11 June 2019

Prepare for the end of financial year by making use of these small business tax concessions:

Instant asset write-off

Business assets purchased before 30 June may be able to be claimed as a full deduction in your 2019 tax return. The asset must have cost less than the threshold that applied when it was first installed and ready for use.

Prepaid expenses

Expenses such as rent, registration fees and insurance paid before 30 June that end in the next financial year can be claimed as a deduction in this year's tax return.


Remember, registered tax agents and BAS agents can help you with your tax.

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