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James Millar
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If you’re a small business entity you’re probably better off going with the simplified depreciation and pooling method. Important amendments in 2013 year allow first $6500 to be write off immediately (was $1000) and first $5000 of motor vehicles.

You get a flat rate 15% on other assets for first year (even if acquired at 30 June) and then 30% each year thereafter. It’s faster to administer and often produces better tax outcomes upfront.

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