7 quick facts to assist in understanding what is now available from March 12th 2020 via the Economic Stimulus Package. BOTH of the 2 initiatives shown below are available to ALL businesses with an annual turnover of less than $500mil
$150,000 Instant Asset Write Off (now extended to December 31st 2020)
50% Instant Depreciation Write Off (on assets over $150,000)
If you would like to know more, the Government Fact sheet link below provides an excellent explanation with many clear examples
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Support_for_business_investment.pdf
https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/extending-instant-asset-write
The team at Finlease is well resourced and ready to assist any clients and suppliers to put in place any finance approvals which may be needed to take advantage of the significant tax breaks available under these programs, so please feel free to contact your local Finlease team member.
To find a Finlease team member near you, please see our team at https://www.finlease.com.au/about-us/our-brokers
If you have not used Finlease before, please feel free to see what our existing clients say about us with a score of 4.9 out of 5 stars on over 800 independent reviews https://www.productreview.com.au/listings/finlease
Mark O’Donoghue, Founder & CEO Finlease
Finlease home page
/5 from reviews