{"id":13906,"date":"2015-06-26T07:25:45","date_gmt":"2015-06-25T19:55:45","guid":{"rendered":"http:\/\/quantiphy.com.au\/oldbackup\/accelerating-expenditure-sbe\/"},"modified":"2020-11-29T00:55:23","modified_gmt":"2020-11-28T13:25:23","slug":"accelerating-expenditure-sbe","status":"publish","type":"post","link":"https:\/\/quantiphy.com.au\/oldbackup\/accelerating-expenditure-sbe\/","title":{"rendered":"Accelerating expenditure \u2013 SBE"},"content":{"rendered":"<p>Former STS taxpayers who have continued to use the STS cash method since before 1 July 2005 and who qualify as an SBE are generally only entitled to deductions if they have paid the amount by 30 June.<br \/>\nAll SBE taxpayers can choose to write-off depreciable assets costing less than $1,000 in the year of purchase.  Also, assets costing $1,000 or more are allocated to an SBE general pool and depreciated at 15% (which is half the full rate of 30%) in their first year.  Therefore, where appropriate, SBE business taxpayers should consider purchasing\/installing these items by 30 June 2015.<br \/>\n<em>It should be noted that SBE taxpayers choosing to use the SBE depreciation rules are effectively &#8216;locked in&#8217; to using those rules for all of their depreciable assets.<\/p>\n<p><\/em><strong>STOP PRESS:<\/strong>  It is important to note that proposed changes to the SBE capital allowance regime will impact the 2015 income year.  Under the proposals, the small instant asset write-off threshold will be temporarily increased to &#8216;less than $20,000&#8217;, for assets acquired and installed ready for use between 7.30 pm (AEST) 12 May 2015 and 30 June 2017.  The increased threshold will also be available to SBEs who previously &#8216;opted out&#8217; of the SBE capital allowance provisions.  On 28 May 2015, the Tax Laws Amendment (Small Business Measures No.2) Bill 2015, was introduced to give effect to this measure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former STS taxpayers who have continued to use the STS cash method since before 1 July 2005 and who qualify as an SBE are generally only entitled to deductions if they have paid the amount by 30 June. All SBE taxpayers can choose to write-off depreciable assets costing less than $1,000 in the year of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-13906","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Accelerating expenditure \u2013 SBE - Quantiphy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quantiphy.com.au\/oldbackup\/accelerating-expenditure-sbe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accelerating expenditure \u2013 SBE - Quantiphy\" \/>\n<meta property=\"og:description\" content=\"Former STS taxpayers who have continued to use the STS cash method since before 1 July 2005 and who qualify as an SBE are generally only entitled to deductions if they have paid the amount by 30 June. 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