What’s the Biggest Tax Saving You Can Make as a Hospo Venue Owner
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Hospo venue owners should keep up to date with tax write-offs because they can significantly reduce taxable income and improve cash flow – crucial in a low-margin, high-expense industry. Australian tax rules, especially around asset write-offs, depreciation, and deductions for wages, food costs, and renovations, often change with each budget year. Staying informed allows owners to take full advantage of available incentives, such as instant asset write-offs or hiring credits, and avoid missing out on deductions that could save thousands of dollars. It also ensures compliance, reduces the risk of audits, and supports smarter reinvestment decisions for the business.
If you’re running a hospitality venue, you know that margins are tight, costs are rising, and every dollar counts. As we count down to the end of the financial year, the big question on every business owner’s mind is:
What’s the biggest tax saving I can make this year?”
The biggest tax saving most venue owners can make is using the Instant Asset Write-Off.
What Is the Instant Asset Write-Off?
The Instant Asset Write-Off allows you to immediately deduct the full cost of eligible business assets — instead of claiming small amounts over several years.
Why It’s Such a Big Deal
Immediate tax deduction – no waiting years to claim depreciation.
Applies to new and used assets (as long as they’re used for business).
Can save you thousands in tax — especially if your business is profitable.
How Much Can You Save?
Let’s say your restaurant or café is structured as a company and you buy $40,000 worth of kitchen equipment before June 30. At the 25% company tax rate, that’s a $10,000 reduction in tax payable.
For many venue owners, this is the single largest tax deduction available in a given year.
What Can You Write Off
Commercial ovens and grills
Refrigeration and freezer systems
Coffee machines
POS systems, Payments and hardware
Kitchen fit-outs or renovations
Delivery scooters or small vehicles
Furniture and technology
Just make sure the asset is installed and ready for use before EOFY.
Bonus: It’s Not Just Equipment
Some intangible costs (like business software or systems setup) may also be eligible — check with your accountant.
Be on the Look Out for EOFY Sales!
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Don’t Miss the Deadline
To claim the deduction this financial year, the asset must be purchased and installed by June 30.
