EOFY Alert: Upgrade Your Tech and Secure Your Business

EOFY Alert: Upgrade Your Tech and Secure Your Business

As we approach the end of the financial year, it's a smart time to take stock of your technology. This year, there are two important reasons to act:

1. Windows 10 support is ending soon, which may put your systems - and your data - at risk

2. The $20,000 instant asset write-off is in place for eligible purchases made before 30 June 2025

Windows 10 Support Ending: What It Means for Your Business

Microsoft has announced that support for Windows 10 will cease on October 14, 2025. Post this date, Windows 10 will no longer receive:

• Security updates

• Bug fixes

• Technical support

Continuing to use Windows 10 beyond this point exposes your systems to unpatched vulnerabilities, increasing the risk of cyberattacks, data breaches, and compliance issues. Cybercriminals often target outdated systems, exploiting known weaknesses that are no longer being addressed.

Insurance

Importantly, if you choose not to upgrade from Windows 10 you should check that your cyber-insurance and other insurance will still cover you in case of breach or other circumstance.

Why Upgrade to Windows 11 Now?

Transitioning to Windows 11 offers:

• Enhanced security features to protect against modern threats.

• Improved performance and user experience.

• Compatibility with the latest applications and hardware.

Upgrading ensures your business remains secure and compliant, avoiding potential disruptions associated with unsupported software.

Take Advantage of the $20,000 Instant Asset Write-Off

The Australian Taxation Office (ATO) offers an instant asset write-off for eligible businesses with an aggregated turnover of less than $10 million. This allows you to immediately deduct the business portion of the cost of eligible depreciating assets costing less than $20,000, provided they are first used or installed ready for use between 1 July 2024 and 30 June 2025.

This incentive presents a timely opportunity to invest in new hardware, enhancing your business's efficiency and security while benefiting from tax deductions.

Our Hardware Recommendations

To align with the instant asset write-off and ensure compatibility with Windows 11, we recommend the following specifications on devices like these examples:

• Laptop Option:
  HP ProBook 450 G10, 15.6" with 3 year warranty $1340ex

• Desktop Option:
  Lenovo ThinkCentre Neo 50Q G4 Tiny with 3 year warranty $1024ex

Recommended Specifications:

• Minimum Intel i5 Processor

• 16GB RAM

• 512GB SSD

• 3-year warranty for peace of mind

Upgrading your systems before the EOFY not only positions your business for the future but also leverages available tax benefits. Don't wait until the last minute — ensure your business is secure, compliant, and ready for the challenges ahead.

For more information or to discuss your upgrade options, contact us today at 02 4337 0700 or email reception@loyalit.com.au