Our process makes finance simple…
By providing bespoke solutions we make funding of any business equipment easy and stress-free.
We provide the most competitive commercial rates for all sorts of business and commercial equipment, including but not limited to:
medical devices
gymnasium equipment
supercars plus business vehicles, including vans and trucks
heavy equipment including mining equipment
IT and robotic equipment
mobility devices including water craft
Get finance and a $20,000 instant tax asset write-off (Australia only)
The tax write-off threshold amount for each asset is $20,000. If you buy an asset/s and it costs less than $20,000 per asset, you can immediately deduct the business portion in your tax return.
You are eligible to use simplified depreciation rules and claim the immediate deduction for the business portion of each asset (new or second hand) costing less than $20,000 if:
eligibility has been expanded to cover businesses with an aggregated turnover of less than $10 million.
the asset was first used or installed ready for use in the income year you are claiming it in.
Under instant asset write-off eligible businesses can:
immediately write off the cost of each asset that costs less than the threshold
claim a tax deduction for the business portion of the purchase cost in the year the asset is first used or installed ready for use.
Instant asset write-off can be used for both new and second-hand assets. Some exclusions and limits apply.
The asset/s can be financed, however will require special consideration to ensure compliance.
Get in touch now, so you don’t miss out on this incredible tax break!
More info here: https://business.gov.au/news/what-does-the-budget-mean-for-your-business
