Small businesses will be able to claim an immediate tax deduction for the full value of an asset purchased if it is in use prior to June 30th, 2023 (rather than claim depreciation amounts over subsequent years), up to $150K. Refer to your accountant on how this applies to your business.
The current Temporary Full Expensing tax incentive ends on June 30th, 2023, so hurry to take advantage of it while you still can. Get yours today.