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Tax incentive makes good sense for small business

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FLIR Systems Australia  has welcomed the move by the Federal Government to allow small business to ‘write-down’ depreciating assets costing less than $6500.
 
Up from the existing $1000 limit, the allowable figure of $6500 for ‘write-downs’ can be 100% written down in the year in which they were purchased, helping the 2.7 million small business people in Australia, according to Roger Christiansz, Managing Director - FLIR Systems Australia.
 
He explains that many FLIR thermal imaging cameras, which are priced well under $6500 and used by small business people in their workplace, will now be able to be fully depreciated in their first year.

The new rule will be a major incentive for small businesses such as self-employed electricians and plumbers to invest in thermal imaging technology and keep pace with changing customer demands for more efficient homes in terms of energy used and energy lost.

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