For those that were worried, the $20,000 tax write-off would not get through the Senate; the good news is that the Senate approved today the tax cut for small business companies and the small business instant asset write-off.
So if you are seriously planning to upgrade your computer system soon, it would be a serious loss not to take advantage of this year instant asset write-off. As I stated it’s a great opportunity to spend on something that will help you work smarter and more efficiently, improve your shop and allow you to offer better customer service. We are currently sending out some good offers for our clients.
I would suggest that you speak to your accountant about it ASAP.