Are you considering buying a Laser System?
Learn why you should purchase one before June 30, 2021
Due to the pandemic, we face a ‘Once in a Generation’ opportunity to invest with the Federal Government Incentives and SME Government Banking Guarantees.
– Machinery Finance is now MORE COMPETITIVE than in the past
– Low-doc offerings for machinery up to $150,000*
The expanded Full Instant Asset Write-Off on any eligible asset is now extended to 30 June 2023. There is also NO limit to the purchase price to be eligible (with the previous $150,000 limit being removed) Now classified as “Temporary Full Expensing” the update was initially announced in the October 2020 Budget and then further extended in the 2023 Budget Announcement on 11 May 2021.
‘Temporary Loss Carry-back’ also complements the Temporary Full Expensing measure by allowing companies to take advantage of expensing while it is available. Tax credits from ‘loss carry-back’ will be available when eligible companies lodge their 2020/21 tax returns.
This is an extraordinary opportunity whereby you can finance your purchase, improve profits and dramatically reduce company tax payable in the future.
Prior to 30 June 2021
1) Consider purchasing & taking delivery of Machines/Equipment
2) Utilise the Instant Asset Write-off to reduce taxable income for the 2021 Financial Year
Something to Consider:
For every $1,000 per month of staff costs or expense equates to the monthly payment of $55,000 borrowing over 60 months with a zero Balloon and subject to financier approval.