Finance Insights

Instant asset write-off

Claim 100% of the cost of your new business machinery, equipment, and vehicles against this year's incomeWith June 30 fast approaching time is running out to maximise your business tax deductions.  Under the ATO Instant Asset Write Off scheme you can claim the cost of your newly purchased machinery, equipment,...

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Instant asset write-off increased and extended

In the 2019-2020 Budget Announcement, the Federal Government proposed to increase the instant asset write-off threshold from $20,000 to $30,000 for eligible assets and also sought to expand the application of the instant asset write-off to apply to both small and medium sized businesses with an aggregated annual turnover of...

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What is small ticket equipment finance?

In the finance industry, the term "small ticket" is often applied to equipment loans under $50,000.  There are a number of non-bank finance companies with streamlined credit approval processes to assist business owners with the acquisition of equipment that may be critical to the operation of their business.To qualify for...

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