Z&Co. Accountants

SBSCH is closing soon! If you need any assistance setting up a new super payment solution, please feel free to contact us via phone or email. We're here to help.

$20,000 instant asset write-off for 2024-25

The instant asset write-off (IAWO) $20,000 limit for the 2024-25 income year is now law. Eligible businesses with an aggregated annual turnover of less than $10 million may be able to deduct the business portion of the cost of eligible assets which cost less than $20,000.

Eligible assets can be new or second-hand and must be first used or installed ready for use for a taxable purpose between 1 July 2024 and 30 June 2025. The $20,000 limit applies on a per asset basis, so you can instantly write off multiple assets.

The usual rules for claiming deductions still apply. You can only claim the business portion of the expense and you need to make sure you have records to prove it.

For more information about the instant asset write-off, including eligibility criteria, visit

Instant asset write-off for eligible businesses Work out if your business can use the instant asset write-off to claim a deduction for the cost of an asset.

As the financial year draws to a close, we would like to take a moment to thank you for your continued support over the past year.

Your trust and partnership mean a great deal to us. We look forward to many more successful collaborations ahead.

Best regards,
Team from Z&Co. Accountants

From 1/7/2023, the employee super guarantee will raise from 10.5% to 11 %.

Our office will close from 23/12 to 15/1 and resume our service on 9/1 Monday at 9:30am. 😊

If you have anything urgent, please feel free to send an email to:

[email protected]

contact no: 0450 985 492

We will reply you back as soon as we can.

Wish everyone have a Merry Christmas and Happy New Year! 🎄🎄🎇🎆

Employers: Hiring staff to help with the summer rush? Make sure you’re serving up the right amount of super! 🧑‍🍳☕🛍️

Remember, new super changes started from 1 July 2022 and include:
✔️ the super guarantee rate increase from 10% to 10.5%
✔️ the removal of the $450 eligibility threshold. This means employees may be eligible for super, regardless of how much you pay them.

For more info, visit www.ato.gov.au/Business/Super-for-employers/

From 1/7/2022, the employee super guarantee will rise from 10% to 10.5%. 🤩

2022 Tax Time is here. You may be thinking about how to maximise your tax refund.

Our office is open for a face to face consultation. We also provide phone or online consultations for whenever suit your needs.

Book us now! Our contact no is 0450985492.