So if you are looking to get or upgrade a point of sale system from us, NOW is the time.
Here is an explanation of how it works, but let me first say that I am not an accountant, and I do suggest you contact your accountant to discuss it.
The system possibly next year
- 15% of this would be allowed as depreciation, which works out to a tax deduction of $1012.50
- As the company tax rate is say 27.5%, the business would get back $278.44 in income tax credits.
Taking advantage of the instant tax write off
- 100% of this would be allowed as depreciation, which works out here to $6,750
- The company tax rate says 27.5%, which means the business will get back $1,856.25 in income tax credit.
This is a fairly substantial saving!
If you do not want to miss out, you need to contact us now, here.