The $20,000 instant asset write-off is back — but not for long. If your business has been eyeing an upgrade in tech, now’s the time to act. EOFY is approaching fast, and smart investments before June 30 could mean major tax savings.
At TechForGood, we’re making those investments go even further — for your business and the community. Here’s what you need to know.
What Is the $20,000 Instant Asset Write-Off?
The Australian Taxation Office (ATO) has extended the $20,000 instant asset write-off for small businesses (with a turnover under $10 million). This allows eligible businesses to claim an immediate deduction for each asset under $20,000 — rather than depreciating them over time.
Deadline: 30 June 2025
Threshold: $20,000 (excluding GST)
Limit: Applies per asset, not per business
What Can You Claim?
If the asset is under $20,000, used for your business, and ready for use this financial year — you can likely claim it.
Eligible items include:
✔️ Laptops and monitors
✔️ Printers and multifunction devices
✔️ Audio Visual and video conferencing tools
✔️ Networking hardware
✔️ End-user computing bundles
✔️ Software and support subscriptions
Why Now?
📉 Once the write-off ends, deductions revert to long-term depreciation
📆 June 30 isn’t far away
💡 EOFY purchases can improve productivity and reduce tax liabilities
🌱 With TechForGood, 2% of your spend creates real-world impact through our Catalysing Connections program — providing phones, data, and digital access to Australians in need
The TechForGood Advantage
🎯 Business-grade tech from a carbon-neutral supplier
🌏 2% of every purchase supports digital inclusion
🤝 B Corp Certified & Social Traders Certified: buy from a supplier that aligns with your ESG goals
💬 Personalised consultation to ensure you buy what's claimable
EOFY Bundles: Claimable, Impactful, Tax-Smart
Whether you need one laptop or a full IT refresh, stay within the $20K limit and meet tax requirements.
🎒Need help deciding?
Book a 15-minute EOFY consult with our friendly team.
Don’t Wait Until It’s Too Late
The EOFY deadline is firm. Assets must be installed and ready to use by 30 June.
✅ Get the gear
✅ Save on tax
✅ Create social impact