Accelerated Depreciation

Growing a Small Business is no easy task. Dealing with low budgets and taxes is difficult for any business. But now the government opened a window and we at CabWize need to spread the good news to our wonderful customers!

HAVE YOU HEARD YET?

There is a temporary increase in the accelerated depreciation threshold to less than $20,000,which means that all small businesses can apply for an immediate tax deduction on any assets they buy costing less than $20,000 (this threshold is currently on $1,000) This limit applies to each individual asset, so small businesses can apply the $20,000 limit to as many individual items as they wish. This is a huge opportunity for small businesses.

PLEASE NOTE THAT CABWIZE IS NOT A FINANCIAL ADVISER. YOU SHOULD CHECK WITH YOUR ACCOUNTANT BEFORE MAKING ANY PURCHASE TO CLARIFY IF YOUR BUSINESS IS ELIGIBLE FOR THE ACCELERATED DEPRECIATION THRESHOLD.

Contact us now for information!