There is some housekeeping that needs attention before the end of the year. You can only write off plant and equipment if it has been disposed of or scrapped. So do not keep a broken machine in a corner, throw it in the bin and claim any written down value.
TALK TO US FOR THE RIGHT ADVICE
Chartered Accountants Liability Limited by a Scheme under the Professional Standards Legislation - AFSL 229302 | Peter Vickers Insurance Brokers Pty Ltd AFSL 229302 ACL 229302
Peter Vickers Insurance Brokers is part of the Steadfast broker network.