Why Business Owners Should Act Now before 30th June, 2025
As June 2025 is fast approaching, this is a friendly reminder to take advantage of the $20K Instant Asset Write-Off & EV FBT Perks before it’s too late and Politicians change their mind!
💥 Slash Your Tax Bill Instantly
Eligible businesses can deduct the full cost of assets (up to $20,000 each) in the same year that they are purchased and installed—no waiting, just real-time tax savings.
💸 Free Up Cash Flow & Fuel Growth
Less tax = more cash to reinvest in other parts of the business such as Hiring and upskilling staff, Marketing campaigns, Office fit-outs and upgrades.
⚠️ Act Now or Miss Out
With the current scheme set to expire 30 June 2025, and while both sides have discussed extending this initiative, there is no guarantees of an extension. Delaying your purchase could mean missing out entirely.
🚗 Electric Vehicle FBT Exemption: Big Savings for Smart Operators
If you’re going green, for now, the ATO is going easy – Eligible EVs come with a Fringe Benefits Tax (FBT) exemption that could save businesses and employees thousands.
✅ What Qualifies?
– Battery electric, hydrogen fuel-cell, or plug-in hybrid electric vehicles (PHEVs).
– Purchase price under the LCT threshold for fuel-efficient vehicles ($89,332 for 2024–25).
⚠️ Sadly – Plug-in Hybrid Cut-Off – PHEVs lose their FBT exemption from 1st pril 2025, unless you have committed before that date and the vehicle is in use.
💰 How Much Can You Save?
Providing a qualifying EV to an employee may save $10K+ in FBT annually—plus the employee can salary package the vehicle tax-free.
🛠️ What Can You Buy Under the $20K Instant Asset Write-Off?
Any eligible depreciating asset installed and ready for use by 30 June 2025 providing it is under the total of $20k.
– IT & office equipment: Laptops, printers, desks.
– Trade tools: Machinery, toolkits, power equipment.
– Vehicles: Cars used for business (see limits).
– Fit-outs: Lighting, aircon, furniture.
💡 Why Borrowing Beats Paying Cash
While cash is simple, borrowing might be smarter if the rates are right.
✔️ Preserve Working Capital.
✔️ Still Claim the Full Deduction.
✔️ Stay Flexible.
Talk to us if you need assistance in this area.
⚠️ A Word of Caution: Stay ATO-Ready
Buying a vehicle for business use? – Make sure your logbooks are up to date and your usage records are rock solid.
The ATO is increasingly scrutinizing:
– Luxury vehicles with questionable business purpose
– Claims without adequate business-use documentation
– Missing or incomplete logbooks
If you’re buying a new car—especially one with a higher price tag—be prepared for audit activity. Documentation matters more than ever.
✅ Next Steps
EOFY isn’t the time for “she’ll be right.”
It’s time to be proactive. Get quotes. Confirm eligibility. Talk to us about your strategy.
Don’t leave money on the table—lock in your tax strategy today and talk to us.
At Gartly Advisory, we guide businesses through smart tax planning, asset finance, and vehicle strategies that work for you—not just the Tax Office.
Let’s maximize your position before 30th June, 2025.
