Why Buy Equipment Before December 31st?
You may be looking at ways to minimise your tax while getting the benefit of new equipment to help your business. One way to do this is by taking advantage of the Instant Asset Write Off (IAWO) for businesses.
The IAWO lets businesses with an annual turnover of up to $500 million write off 100% of the cost of new vehicles and equipment with a cost up to $150,000 each*. Additionally, businesses can also take advantage of low interest rates and special offers, making it a great time to invest.
Key Benefits of the Instant Asset Write Off
- Save on tax
- Update equipment
- Finance over time, helping cash flow
Business Case Scenarios
Below are 2 scenarios of not buying vs buying under the Instant Asset Write Off scheme, such as a $35,000 piece of equipment:
Scenario 1: Not to Buy*
$50K net profit
Company tax rate = 27.5%
Tax to pay = $13,750
Scenario 2: Buy a $35K piece of equipment*
$50K - $35K = $15K
Company tax rate = 27.5%
Tax to pay = $4,125
SAVING = $9,625 + brand new equipment
Current Specials
Click here to discover the current Roland DG and DGSHAPE specials or contact Roland DG on 1800 500 119.
Finance Your Equipment and Save
To find out more about financing your equipment purchase through Roland Rental, contact the friendly Ecolease team today on 1300 322 092.
*Seek independent advice from your tax agent or accountant.