The Australian government has recently extended and increased the instant asset write-off scheme. This means that if you’re a business with a turnover of less than $5 billion you can now benefit from writing off up to $150,000 per asset purchased and in use in that respective financial year. This instant tax write off allows you to save more by reducing your taxable income. Fortunately, asset finance can help you take advantage of this scheme without tying up your cash flow unnecessarily.
To find out more about how off-balance-sheet lending and asset finance can be used under the scheme, make sure to reach out to your local ScotPac lending specialists today.