If there was ever a time to invest in ergonomic chairs, standing desks, or other office tools to not only increase productivity but also to ensure your staff's continued well-being in the office as well as at home. Temporary Full Expensing allows eligible businesses to immediately deduct the business-related portion of the cost of an asset in the year it's first used or installed for a taxable purpose. This means businesses can reduce their taxable income, increase their cash flow, and invest more in their operations.

Your Business May Be Eligible: 

Take Full Advantage for Your Business

Subject to eligibility, the Temporary Full Expensing scheme enables you to write off the entire amount of asset purchases in the financial year they were purchased. Usually, a business purchasing an asset could only depreciate a percentage of an asset based on the ATO’s interpretation of its useful life.

By deducting the full expense in a single year, you can decrease your taxable income and therefore tax payable. 

Invest in Your Office Space
If, up until now, you have held back on upgrading your workspace because the delay in cash flow between purchasing the asset and receiving the tax benefit can take years, then taking immediate advantage of this initiative is an incredible opportunity; purchase an asset for business use and you do not have to wait and claim the costs back over time.

Return to Work - Benefit of investing in Office Productivity
Supporting staff with the latest working solutions is recommended as a practical investment for the workspace; increasing not only staff wellbeing but also productivity which will help staff retention and growth and ultimately benefit from this Australian Governement initiative. With productivity and the well-being of your employees uppermost in your mind, the introduction of ergonomic seating, height-adjustable standing desks and proactive tools could go a long way in helping your business prosper.

Learn More about Temporary Full Expensing

Shop In Stock