Promo runs from 1st to 30th of June 2023. For new registrations only. Applicable to selected plans and packages. Users renewing their subscription are not eligible for the discount. Discount is available in Australia only.
Who can claim the tax write-off?
The instant asset write-off is granted to Australian businesses with an annual turnover of less than $10 million – meaning more business are eligible this Financial Year!
You’ll be able to deduct the full cost of eligible assets amounting to less than $20,000 provided they were first used or installed between 1 July 2023 and 30 June 2024.
How much is the threshold?
$20,000. The tax write-off threshold applies to a per asset basis, so businesses can instantly write off multiple assets.
Which government body settles this money?
The instant asset write-offs are handled by the Australian Taxation Office. Visit their page to learn more.
What’s temporary full expensing?
Temporary full expensing is an expanded eligibility criteria that includes businesses with an aggregated turnover of less than $5 billion and have purchased, and first used or installed for taxable purposes an eligible new asset between 6 October 2020 and 30 June 2023.
How does temporary full expensing work?
The temporary full expensing incentive applies when a business owner first purchases an asset on or after 6 October 2020. They can claim an immediate deduction for the entire cost of the eligible asset and deduct the portion of the cost of improvements to the eligible assets made between 6 October 2022 and 30 June 2023.
Why claim your tax write-offs with Crazy Domains?
Our goal is to offer the best website solutions that are fast, ultra-reliable, and built to convert.
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Service on demand
We’re committed to getting your business online crazy easy for you, that’s why we have real people available 24/7 to help you every step of the way.