How Investing in a Packaging Machine can Save you Money and get you an Immediate Tax Deduction.
With the 2018 Federal Budget just released the government has announced a 12 month extenstion of the instant $20,000 tax write-off scheme.
So what does this mean for you?
Business's with an annual turnover of up to $10 million are able to immediately (this financial year) claim a tax deduction on eligible assets up to the value of $20,000 for each eligible asset - new or second hand.
This will allow eligible businesses to invest in their business and replace or upgrade assets.
If you do it before 30th June this year - you can make the claim in this financial year!
- You could purchase a Pallet Wrapper instead of hiring additional staff to wrap your pallets - and get a tax deduction as well!
- You could upgrade on a larger shrink wrapping machine and get the jobs done quicker and save yourself on overtime - and get a tax deduction as well!
- Think of all of the packaging machinery that would make your life easier, save you time and save you money - and get an immediate tax deduction.
- Consider the Second Hand packaging machinery option.
Click on this link to the ATO Website for more information and please refer to your accountant regarding you eligibility and finer details.