The IAWO Scheme is a temporary tax deduction that is available to eligible businesses purchasing depreciating assets. The IAWO scheme has been extended to include the current financial year, so your business can still reap the benefits.
The Reserve Bank of Australia (RBA) has lifted the national borrowing rate for the first time since 2010, by a whopping 0.35 per cent, in response to the growing inflation levels.
What are the IAWO and TFE Schemes? The Instant Asset Write Off (IAWO) Scheme enables businesses to claim immediate deductions for certain costs relating to depreciating assets. In the 2020-21 Federal Budget, the government introduced the Temporary Full Expensing (TFE) Scheme that has built on the IAWO that was previously in place. In the 2021-22 […]
With the increasing shortage of new vehicles and equipment, the second-hand market for many items has inflated by 20-30% over the past year. This boom is being compounded by high commodity prices and long wait times for new equipment deliveries. With this in mind, buyers should prepare for their second-hand purchases with a thorough checklist, effective […]
Is your business heavily reliant on its equipment to run? Then you’ll know how important it is to invest in quality equipment that will stand the test of time, reduce downtime, and improve functionality and efficiency. Upgrading equipment does not have to be a daunting task. The finance brokers at Pacific Finance can help you […]
As we’re now well and truly into the new financial year, it’s a great time to take stock of your finances and leave costly habits behind in FY2020. While there are a variety of strategies you can use to gain greater control over your funds, here are four simple steps you can take right now. […]
Invoice finance allows you to grow the business you want with a quick boost to your cash flow Being in control of your business’s cash flow can be challenging. For instance, not having enough money in the business account each day to pay wages, suppliers, rent and any other financial commitments can be a stressful […]
With numerous amounts of finance options offered through multiple lenders across Australia, it can be a challenging exercise to find the best fit for your business. This poses several questions for hopeful small business borrowers, especially those who are time-poor (and who isn’t?): What kind of loan product do I need? How much can I […]
What is the Instant Asset Write Off (IAWO) Scheme? The IAWO Scheme enables businesses to write off the entire amount of an asset, thus allowing businesses to claim an immediate deduction in the same financial year that the assets were purchased. Several changes have been made to the scheme since its inception in 2011. Changes […]
Are you prepared for the EOFY deadlines? With the end of the financial year fast approaching, we’ve made a list of tasks to help keep you and your business prepared. EOFY Checklist 1.Take advantage of the instant asset write-offs (IAWO) Make sure to speak to your Broker regarding the extended instant asset write-offs and take […]