Low Interest Rates From 3.35% Fixed – 4.41% Comp Rate
Increased Instant Asset Write-Off
The Government has lifted the threshold to $150,000 for assets that are either installed or ready for first use by 30 June 2020.
According to business.gov.au, the Instant Asset Write-off scheme provides cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000.
The threshold applies on a per asset basis so eligible businesses can immediately write-off multiple assets.
The new proposal applies from 12 March 2020 until 30 June 2020, for new or second-hand assets first used or installed ready for use in this timeframe.
Contact Us today and talk to our finance and insurance experts and find out how we can save you money