If your business has been considering an IT upgrade, now is the perfect time to act. The Australian Taxation Office (ATO) has confirmed the continuation of the $20,000 Instant Asset Write-Off scheme for the 2024–25 financial year – but this offer expires on 30 June 2025.
This is a limited-time opportunity for eligible small businesses to immediately deduct the full cost of eligible assets, including IT equipment – and to take full advantage, your new assets must be purchased, installed, and ready for use between 1 July 2024 and 30 June 2025.
Learn more from the official ATO article here
What Is the Instant Asset Write-Off?
If your business has an aggregated turnover of less than $10 million, you’re likely eligible to immediately deduct the business portion of the cost of assets costing less than $20,000. This threshold applies on a per-asset basis, meaning you can write off multiple purchases—provided each individual asset is under the $20,000 limit.
Create Momentum with IT Upgrades
In today’s tech-driven world, staying ahead means staying up to date. Whether you’re looking to:
- Replace outdated workstations or laptops
- Install a new server
- Strengthen your cybersecurity
- Upgrade your networking or cloud infrastructure
…Insight IT can help you find smart, future-ready solutions that meet your budget and take advantage of this tax-saving opportunity.
Browse, Buy, and Upgrade with Confidence
To make things even easier, we’ve created the Insight IT Shop. Your one-stop destination for business-grade IT gear and software, all eligible under the Instant Asset Write-Off scheme.
- Laptops, desktops, and monitors
- Servers and networking gear
- Cybersecurity tools and business software
- Fast delivery and expert setup available
Explore options, compare models, and place your order early to ensure everything is delivered and fully installed before EOFY.
Visit the Insight IT Shop
Why Act Now?
This scheme ends on 30 June 2025, and to qualify, your new equipment must be installed and ready for use within the 12-month window starting 1 July 2024. Delays in ordering, delivery, or setup could result in missing out—especially during the busy EOFY period.
The clock’s ticking. Let’s make sure your upgrades are in place – and deductible – before 30 June 2025.
How Insight IT Can Help
We’re here to support businesses like yours with:
- Expert advice on eligible purchases
- Business-grade hardware and software tailored to your needs
- Fast, professional setup and installation
- Ongoing IT support so your investment keeps performing long after EOFY
Whether you’re planning a small refresh or a larger infrastructure upgrade, we’ll make sure you get the most value and the full tax benefit. Talk to Insight IT today to explore your options, beat the rush, and invest in your business’s future before time runs out.
Disclaimer: This article is for general informational purposes only and does not constitute tax advice. Please consult with a qualified tax professional to understand how this scheme applies to your specific circumstances. For complete and up-to-date details, visit the official ATO page here.
