In the latest budget, the government slashed the amount SMB companies could claim for their investment allowance from July. With such low thresholds, it will be easy to exceed without even trying. If you are considering upgrading your IT systems, I suggest you don't wait - act fast! Doing so will give you a significant financial advantage because taking full advantage of this tax break allows you to lower your tax bill. You can use the savings to purchase new hardware while reducing your tax liability at the same time.