The clock is ticking on the instant asset write offs!
If you’re a small business with an annual turnover under $10 million, you are able to secure an immediate tax deduction for any assets costing less than $20,000. You have until the 30th of June 2018 to take advantage of the Government’s instant asset write-off.
The Council of Small Business Australia, along with the Australian Chamber of Commerce and Industry are pushing for this Government scheme to become permanent. The Treasury has yet to commit to extending the scheme.
In order to qualify for the Federal Government Tax Break –
- Your business must have an ABN
- Annual turnover must be less than $10 million
- Assets secured must be under $20,000
To quicken the process, Pacific Finance Australia can help you secure this concession through our low doc loan option. Low doc loans allow you to secure the funds you need without the need to provide financial statements. We can still offer you low-interest rates as if the financials were supplied.
It’s not too late to upgrade your equipment!
We can organise the finance in time for you to claim the deductions, without compromising your cash flow. So what are you waiting for? Contact your Pacific Finance Broker today on 08 9321 2120 or send us an email via info@pacificfinance.com.au