The Site Shed
The Site Shed is a global podcast for tradies and trade-based business owners, designed to educate and inform around the topics that matter most in running a business.
Hosted by former plumber and digital agency owner Matt Jones, the podcast covers real-world conversations on apprenticeships, marketing, systems, technology, hiring, leadership, and more — all tailored to the trades.
Each episode features practical insights, honest lessons, and expert guests from across the industry. Whether you're a plumber, builder, electrician, landscaper, or any hands-on business owner, you'll find ideas and experiences you can apply straight away.
If you're ready to work smarter, not harder, The Site Shed offers tools, ideas, and perspectives to help your business move forward.
The Site Shed
What exactly is the $20k instant-asset write-off? | ft. David Rosenthal | Ep.424
In this episode, we break down everything you need to know about Australia's instant asset write-off. Discover how it works, which assets qualify, and why it’s a must-know for small business owners. Whether you're purchasing tools, vehicles, or equipment, this initiative can save you thousands. We also cover common misconceptions and tips to avoid missing out.
Stay tuned till the end for expert advice on timing your purchases for maximum tax savings.
Watch the video version of this podcast at https://youtu.be/IL4CYgR12Yw
Discussion Points:
00:00 Second part: $20,000 instant asset write-off discussion.
06:14 What is the most common asset?
08:01 Temporary equipment budget changes annually until 2025.
10:54 Selling a written-off car incurs taxable profit.
13:46 Early tax deduction through financed asset acquisition.
17:19 Seek advice on timing for asset write-offs.
Resources:
- Visit Retinue’s website at www.retinue.com.com.au
- Get in touch with David at david.rosenthal@retinue.com.au
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