What Exactly Is The $20k Instant-asset Write-off? | Ft. David Rosenthal

Indhold leveret af Matt Jones - Trade based business enthusiast. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Matt Jones - Trade based business enthusiast eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

The Site Shed « »
What exactly is the $20k instant-asset write-off? | ft. David Rosenthal | Ep.424

24d ago 21:32

Del

MP3•Episode hjem

In this episode, we break down everything you need to know about Australia's instant asset write-off. Discover how it works, which assets qualify, and why it’s a must-know for small business owners. Whether you're purchasing tools, vehicles, or equipment, this initiative can save you thousands. We also cover common misconceptions and tips to avoid missing out.

Stay tuned till the end for expert advice on timing your purchases for maximum tax savings.
Watch the video version of this podcast at https://youtu.be/IL4CYgR12Yw

Discussion Points:

00:00 Second part: $20,000 instant asset write-off discussion.

06:14 What is the most common asset?

08:01 Temporary equipment budget changes annually until 2025.

10:54 Selling a written-off car incurs taxable profit.

13:46 Early tax deduction through financed asset acquisition.

17:19 Seek advice on timing for asset write-offs.
Resources:

Visit Retinue’s website at www.retinue.com.com.au
Get in touch with David at david.rosenthal@retinue.com.au

Welcome back to The Site Shed Podcast! If you're in the trades and wondering how to integrate AI into your business, Tradie Hub has you covered. Discover innovative ways to reduce labour costs, increase efficiency, and leverage AI for growth. Check out Tradie Hub at tradiehub.net and see how they’re transforming the trade industry with cutting-edge AI solutions!

Enjoyed the podcast? Take your trade business to the next level by incorporating AI! Don’t get left behind—explore Tradie Hub at tradiehub.net. Discover game-changing AI solutions designed to boost efficiency and growth for trade businesses worldwide. Check it out today!

Check this out:

Guarantee 30 Qualified Project Quotes Over The Next 90 Days! Learn more here: https://tradie.wiki/pod
Learn more about the CRM that DOES IT ALL for your trade business! Just click on this link: https://tradiehub.net
Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed

Connect with me on LinkedIn. For more podcast episodes, you can also visit our website.

Thank you for tuning in!

If you enjoyed this podcast and this series, please take 5 to leave us a review:

425 episoder

#Business #Contractors #Matt Jones - Trade based business enthusiast #Trade Business #Tradie