Ease the burden on your business with an instant asset write off and have the necessary cash flow to invest in assets that will help your business thrive. The 2020-21 Federal budget has accounted for the hardships that many small businesses will have faced as a result of the effects of COVID-19. As such, small and medium sized businesses with an aggregated turnover of under $50 million and are eligible will be able to claim an instant asset write off.
Businesses will be able to claim an immediate deduction for the full value of all new, eligible and depreciable assets. This value is unlimited and applies to assets that are first used or installed before June 30, 2022. This boost to the budget aims to assist small and medium sized businesses financially, ensuring they are able to invest in assets that will assist the business in their operations and growth.
Rhima has a range of washing equipment to suit your needs. Whether you are in the medical, food processing or manufacturing industries, purchase off the shelf washing equipment at pre-crash prices. Rhima are able to help your business find the right solution to your ware washing needs.
Call or email us today for more information [email protected] 1300 347 944.
ATO Budget boost to small business
