If you’re running an ABN-registered business with a turnover of less than $2 million, you can take immediate advantage of an accelerated depreciation measure announced in the latest Federal Government budget.
The new provision allows your business to immediately deduct the full cost of any physical items you purchase between 12 May 2015 and 30 June 2017 costing less than $20,000, such as computers, shop fixtures, cars, tools, etc.
It’s an amazing opportunity to buy vitally necessary assets for your business and Capital Funding is well placed to assist you with competitive rates and terms on any finance you might need to purchase these goods.
Correctly structuring your finance is extremely important as it can result in even further tax deductions and immediate cash flows.
With interest rates at record lows, and generous instant asset write offs at your disposal, now is the time to really give your small business that extra push it needs to be truly successful, but you will need to move quickly as lenders are being inundated with applications and approval time frames are starting to stretch out.
It’s important to get your finance approved immediately to ensure that you’ll be able to settle the purchase prior to the 30th June to take advantage of the write off this financial year.
If you would like to find out more or discuss your finance options contact us on 1300 725 339