Equipment Finance
Financing a jetter or camera is a smart way to purchase your new equipment for your company. It reduces the cash flow stress on the business and enables you to start charging the equipment out and making money at very low monthly payments. With interest rates at an all-time low, there has never been a better time to finance your equipment.
Call us today to discuss your finance requirements Ph: 02 9986 1186 or call Brett directly from Finance At Work on Ph: 0402 044 034.
Click here to download an application form and apply now
Instant asset write-off for eligible businesses
Under the instant asset write-off, eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used, or installed ready for use.
Instant asset write-off can be used for:
The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business's eligibility and apply the correct threshold amount. This depends on when the asset was purchased, first used or installed ready for use.
Instant asset write-off can be used for:
- multiple assets as long as the cost of each individual asset is less than the relevant threshold
- new and second-hand assets.
The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business's eligibility and apply the correct threshold amount. This depends on when the asset was purchased, first used or installed ready for use.
Recent changes
From 12 March 2020 until 31 December 2020 the instant asset write-off:- threshold amount for each asset is $150,000 (up from $30,000)
- eligibility has been expanded to cover businesses with an aggregated turnover of less than $500 million (up from $50 million).
- Read more here: https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/
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