The run up to 30 June always triggers a variety of queries from our clients, often linked back to optimising taxation deductions in a legal way prior to the end of the financial year. This being the May issue of the News Bulletin, it is worth re-visiting some of the key opportunities to increase deductions prior to the end of the financial year. The 2016 Budget provided for a broadening of the eligibility for small business capital deductions and immediate write offs. This enabled businesses with a turnover of less than $10 million to now claim an immediate write off for all capital expenditure on items with a value up to $20,000 (excluding GST). Prior to the 2016 budget this eligibility was restricted to businesses with turnovers of less than $2 million. This has been an important concession as many group practices (multiple dentists working together) have turnovers greater than this.