Vicky McLoughlin No Comments

Upscale Your Business With the Latest Government Schemes – Temporary Full Expensing of Assets

In October last year, the government introduced temporary full expensing of eligible business assets in a bid to help businesses continue to survive the economic fallout of Covid-19 and the restrictions and chaos that ensued and to help boost Australia’s economic recovery. If you are wanting to upscale your business and start the new financial year on the right foot, equipment finance may be the way for your business to take advantage of this scheme.

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Vicky McLoughlin No Comments

Instant Asset Write-off Increase

We once again find ourselves approaching the end of the current financial year (and what a year it has been!). Due to the COVID-19 pandemic, the ATO have increased the instant asset write-off threshold from $30,000 to $150,000. They have also expanded access to include businesses with a turnover of less than $500 million, up from $50 million.

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Vicky McLoughlin No Comments

How to Take Advantage of The Instant Asset Write Off

As we come up to the end of the financial year, now is a good time to consider whether the purchase of new assets or equipment could benefit your business.

Asset and equipment finance is a great way to preserve cash flow and working capital. Of course, the asset can also begin to generate immediate income for you and there could be potential tax advantages to make the most of.

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