Australian businesses: do you want immediate tax relief this financial year? Have you taken advantage of the Instant Asset Write-Off?
The Australian Government has edited IAWO rules to support businesses like yours in these troubled times.
Where previously you could only claim 100% of asset purchases up to $30,000, you can now claim for purchases up to $150,000 instantly! This applies to all Aussie businesses with turnover of up to $500 million.
Assets purchased under our rent to buy agreement may be included, however rental agreements are not covered.
Hurry, as these changes are part of the Australian Government’s COVID 19 business stimulus package, they only apply to assets installed or first used by December 2020.
Has your business experienced a downturn with the COVID 19 pandemic? We understand many of our customers have had to reduce or temporarily close down businesses. However, with these new government benefits, now is the perfect time to undertake those kitchen or front of house renovations you’ve been planning, whilst business is quiet and making these changes won’t inhibit your daily trade, and while there are great government benefits available!
Want to discuss your options? It’s business as usual here at Butler Equipment, we are offering kitchen smart advice and supporting our valued customers in these troubling times. Give us a call today to discuss your options on 1800 225 215 or click hear to learn more and apply.