Boost your sales, help your customers - Accelerated Depreciation
Don’t miss out on a big opportunity to boost your sales between now and the end of the financial year.
Accelerated Depreciation – cash flow benefits
Don’t miss out on a big opportunity to boost your sales between now and the end of the financial year.
Back in May 2015, The Honourable J.B. Hockey MP announced the Small Business package designed to energise the sector as part of the Federal Budget.
Most notably, the Accelerated Depreciation measure allowed any eligible small business (annual turnover <$2million) to claim an immediate tax deduction for each and every item they purchase up to $20,000 before 1 July 2017. Eligible assets include cars, vans, solar panels, machinery, printers, IT equipment, point-of-sale systems, specialist equipment and much more. And it applies to new and old assets used for business purposes.
FlexiCommercial would like to help you help your customers take advantage of this opportunity before it disappears and have made some promotional material available to you which can be downloaded.
Download tools and information
Download the helpful point of sale communications now and start boosting your sales today.
Benefits
For sellers
- Increase your 4th quarter sales
- Boost financial year profits
- Engage positively with your customers
- Create loyalty and increase potential of repeat purchase
For customers
They can buy now, enjoy the benefits that new equipment brings to their business knowing that they can claim an immediate tax deduction on the full depreciation amount. And there is no reason why they cannot extend the benefits by purchasing more than one asset. The cash flow benefits can really add up:
| Tax deductions^ | ||||
| Number of Assets | Purchase Price | Purchased after June 30 |
Purchased before June 30 |
Additional Cash Flow Benefits^ |
| 1 | $20,000 | $1,500 | $6,000 | $4,500 |
| 2 | $40,000 | $3,000 | $12,000 | $9,000 |
| 3 | $60,000 | $4,500 | $18,000 | $13,500 |
Illustrative purposes only, full details are available at the ATO website.
And by choosing a FlexiCommercial equipment finance solution* the upfront cost can also be spread over the term of the finance arrangement.
Download the helpful point of sale communications now and start boosting your sales today.
*Credit approved applicants only; fees, terms and conditions apply. ^Cash flow benefit equals depreciation times the tax rate at 30 per cent. Tax deductions assume 12 months usage and a 7.5% depreciation rate. FlexiCommercial do not provide financial advice. You should obtain your own financial advice on the tax and accounting treatment of any finance solution you choose.