01/06/2026
EOFY Tip: Instant Asset Write-Off for Small Business
Small business owners — this one is worth a quick EOFY check-in. 👀
For the 2025–26 financial year, eligible small businesses may still be able to access the $20,000 Instant Asset Write-Off.
In plain English? You may be able to immediately deduct the business-use portion of eligible assets, rather than depreciating them over time.
This could apply to things like:
💻Computers, laptops and office equipment :📱 Phones and business tech 🖨 Printers, scanners and equipment, Office furniture 🛠 Tools and equipment 🚗 Some business-use assets, depending on eligibility and cost
A few key things to know:
✔ Your business generally needs annual turnover under $10 million ✔ The asset must cost less than $20,000 ✔ It must be first used or installed ready for use by 30 June 2026 ✔ Only the business-use portion can usually be claimed ✔ Eligibility depends on your business structure, asset type and tax position
And the important bit: buying something just for a tax deduction is not always smart strategy. Tax savings are great… unnecessary spending is still unnecessary spending. 😅
Before you rush into an EOFY purchase, speak with your accountant and make sure it actually makes sense for your business.
📲 Need finance for equipment, business assets or cash flow before EOFY? Let’s chat and work through your options.
