Government’s $150,000 Instant Asset Write Off Scheme Extended to December!
The Federal Government has announced it has given the $150,000 instant asset write off scheme a six-month extension until December 2020! Introduced during the COVID19 crisis as a means to boost the economy, small to medium businesses are able to claim a business asset purchase as an immediate deduction up to the value of $150,000, in the year the asset is first used or installed ready for use.
The asset threshold has been raised from $30,000 to a whopping $150,000 in order to help businesses bounce back after the devastating effects of the virus by investing is beneficial provisions for company growth. Businesses with an aggregated turnover of less than $500 million are now eligible for this scheme, where it was previously limited to up to $50 million.
Now is the time to take advantage of this tax break and upgrade your pool heating, dehumidification or hot water equipment for your business! EvoHeat have a large range of energy-efficient, high performance and cost saving technologies that will benefit your business and bank account. Contact EvoHeat today and find out how you can save your business money on 1300 859 933.