The recent Federal Government Budget included great news for small business owners. Contractors and tradies can win a 100% tax depreciation on assets like high pressure cleaning equipment.
The scheme, due to finish on June 30th 2019, has now been extended and expanded! Business owners with turnovers of up to $50,000,000 can write off assets purchased this financial year to the individual item value of up to $30,000. The best news is that they are not limited to the number of assets that can be purchased as individual items.
Local Hills company, Australian Pump recommends business owners check with their tax agent fast. Buying before the 30th June 2019 means a massive depreciation benefit kicking in for this year. With the 30th June deadline only week’s away, eligible buyers are urged to move now!
Aussie Pumps are continually evolving with the recent release of its stainless steel framed units across their range of cleaners. The company is putting in a crash build programme to get more units built for delivery before 30th June to meet demand.
“Our phones are running hot already as people get ready for what looks like a major rush” said Patel.
Aussie is urging customers to buy before 30th June deadline to maximise the tax return. They can start benefiting from the new equipment and get a 30% to 49% government discount, depending on their tax rate. With reducing tax next year, rebates are tipped to be less!
More information including Aussie’s Pumps complete range of products is available by contacting Aussie Pumps or visiting aussiepumps.com.au