I noticed in the budget last night that ‘small business’ can now instantly write off assets valued at up to $30,000. That made me think, what could a dentist or doctor get for $30,000. Here is what I came up with:
Fit out that second treatment room. Many practitioners start off with one room fitted out and the other ready for when they get big enough. For $30,000 we can fit out a treatment room with cabinetry, flooring, painting, and some electrical fit off. I’m not an expert but I’m pretty sure you can buy an oral X-Ray for under $30,000 also (you can claim the asset write off on as many individual items as you wish).
You could fully refurbish your reception and waiting area of the practice. This could include new reception counter, feature walls, feature lighting, flooring etc. Imagine how happy your staff and patients would be in a brand new reception area, all of which can be written off this year.
April and May are very busy for us but at this stage we have a little bit of time in June, before the end of the financial year, when we could do some work for you. So please don’t hesitate to give me a call and let me know of your requirements.
Have a good day!