What does this mean for your business?
There is good news for small and medium business owners with the instant asset write-off being boosted to $30,000. The eligibility has also been expanded to include medium-sized businesses with a turnover of less than $50 million which will mean 3.4 million business will now be eligible for the instant-asset write-off.
Are you looking to purchase business related assets before June 30th?
Now is the perfect time to upgrade your office equipment or company car! If you finance today, you can claim 100% of the business-related expense immediately thanks to the asset write-off.
Did you know House and Home Loans also does equipment finance!
If you are small or medium business, you may be eligible to claim 100% of your business-related expenses before June 30. Speak to one of our expert Brokers today on (08) 9242 3300 or email email@example.com.
Recent client scenario:
Last week a client contacted us at House and Home Loans as she wanted to purchase a new car. The car dealership quoted her a “rate” and assured her it was the best interest rate on the market.
We advised her to check with the dealer what the actual repayment amount was and she discovered that the dealer had added roughly 10% of the vehicle value as fees and charges.
Fortunately, we were able to save her $130 per month on her re-payments which is almost $5,000 in savings over the three-year life of the loan.
If you or someone you know is buying a car, boat, caravan or other piece of equipment, send us an email and see what we can save you.