End of Financial Year 2021

When preparing for "tax time", we all think about maximising deductions.

The Federal Government instant asset write-off scheme has been revised and business owners can now claim a tax deduction for full cost of an asset in the year that it’s purchased and installed.

This applies to a range of business assets such as:
• Motor vehicles - cars, utes, trucks and trailers
• Equipment, Machinery and Tools
• Technology hardware – computers, laptops, monitors, printers

These assets can be financed and still be eligible for the deduction.

Many lenders have already warned of delays and backlogs in processing finance applications for approval and settlement.

So don't delay – get in early to arrange finance, to avoid missing out.

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