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Australian businesses with an annual turnover under $2 million can claim immediate tax deductions for sub $20,000 purchases they make between 7:30pm on budget night and June 30, 2017, rather than having to claim those purchases as deductions spread over several years. But it gets better the $20,000 threshold applies to each individual asset and small businesses will be able to apply the $20,000 rule to as many individual assets as they want! So, there has never been a better time to invest, upgrade or replace your Commercial Ice Cream Machines, Refrigeration, Gelato, Frozen Yoghurt, or Sorbet Equipment.

For more information, click here

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