A quick reminder to all SME businesses – you have just a few weeks left to make the most of the Government’s increased instant asset write-off offer. We understand you may have been distracted lately but don’t overlook the opportunity – this offer is five times the usually available amount.
Understandably, most businesses are focusing on the current range of stimulus concessions that contribute to cashflow and wage cost relief, but for most of us Job Keeper has been arranged. Now is the time to consider the $150,000 instant asset write-off opportunity and look at how to make this work for you.
According to the ATO, this new threshold of $150,000 applies for a limited time only for depreciating assets first used or installed ready for use between 12 March 2020 and 30 June 2020.
Some of the key assets to consider:
- Updating your Phone/VOIP/PABX System – new systems can significantly reduce your costs and provide in-depth data regarding your phone usage
- Laptops/Tablets/PCs – great deals available with updated equipment – opportunities for company supplied laptops to use in remote working environments. Owned and controlled by you
- Firewalls – hugely important for any business dealing with sensitive data and GDPR in a remote working environment
- Security Systems – cameras, video recording equipment and storage devices, sensors, CCTV, etc.
These are just some of the options to consider. Motive IT can provide information and feedback regarding any of this equipment.
Make this stimulus offer work for you while you can. Some clients are taking advantage of the office downtime to upgrade their system. Contact our team on 02 8513 1600.