Dear Valued Customer,
On the 12th of March this year, the Australian government announced new stimulus package for Australian businesses. Under this scheme, the instant asset write off (IAWO) amount has been increased to $150,000 from $30,000.
The Government is also expanding access criteria so that more businesses can access the scheme. The annual turnover threshold for businesses has been increased from $50 million to $500 million.
This higher threshold provides better cash flow to businesses that will be able to immediately write off purchases of eligible assets costing less than $150,000 each. This threshold also applies to each asset on an individual basis, so eligible business can immediately write off multiple assets.
This package is applicable for equipment purchased and installed before the 30th of June 2020. From 1st of July 2020, the instant asset write off will revert to $1,000 for small businesses with turnover less than $10 million.
We have sufficient stock of compressors and accessories that can be delivered and installed before 30th of June.
If you are looking to buy or replace your compressor, give us a call on 1300 COMPRESSOR (266 773) or send us an email on email@example.com. One of our sales specialists will be available to help you choose the right product for your needs.