Don't miss out on the $20k tax write off

With the financial year at a close and tax returns underway how businesses can better utilise government incentives is front of mind. For small businesses (turnover of up to $10 million) the $20,000 instant tax write off is a great opportunity to invest in new technologies and equipment, that can make the business more efficient and ultimately cheaper to run.

According to a national survey only 15% of small businesses have actually used this incentive to date. The 2018-19 budget extended the incentive but, it’s unclear if it will go on longer than June ‘19. It’s so important for small businesses to take every advantage offered, so make sure that you’re not part of that 85% missing out this year, and take advantage of it whilst it’s still available.

For retailers it’s a no brainer; shop furniture and fittings, IT hardware (not software) and other equipment all qualify. So think about what would increase the operational efficiency of your store, improve the aesthetics and/or create a better shopping experience for your customers.

For many retailers electronic shelf labels tick all of those boxes, dramatically improving operational efficiency, giving customers more information and a better experience in store, as well as modernising the overall look.

For more information on electronic shelf labels see eslabels.com.au.