With another sizzling hot Australian summer on it’s way,
it’s ICE CREAM & GELATO time
– is it time to update your equipment?
or maybe it’s time to add Gelato to your menu.
– Free Standing
– Bench top
Can your business afford to miss out?
Small Business Budget Measures extended until 30 June 2020
The Accelerated Depreciation measure allows any eligible small business (annual turnover <$2million) to claim an immediate tax deduction for each and every item they purchase up to $30,000 before 1 July 2020.
Eligible assets include commercial kitchen equipment, i.e. dishwashers, glasswashers and polishers, cars, vans, solar panels, machinery, printers, IT equipment, point‐of‐sale systems, specialist equipment and much more. And it applies to new and old assets.
As an eligible business you can buy now and enjoy the benefits that new equipment brings to your business knowing that you can claim an immediate tax deduction on the full depreciation amount. And there is no reason why you cannot extend these benefits by purchasing more than one asset.
The cash flow benefits can really add up.
Full details are available by visiting the ATO Website
Talk to us today and find out how you can take advantage of this great opportunity.
^Cash flow benefit equals depreciation times the tax rate currently at 30 per cent. Warewashing Solutions Pty Ltd do not provide financial advice.
You should obtain your own financial advice on the tax and accounting treatment.
Time to update your old equipment, or looking to set up with some new equipment.
Warewashing Solutions partner with 3 of the best
ProspaPay, SilverChef & FlexiCommercial
Each of these finance partners offer a different proposition to help you set up or update, so that you can be up and running in no time and with your priorities in place.