Your business may be entitled to an instant asset tax write-off of up to $150,000 from now until June 30th 2020!!
We always like to look for the silver lining at morphos, and the government’s introduced stimulus packages is one of them! With the instant tax write-off threshold for asset purchases being increased to $150,000, the availability of government backed loans up to $250,000, and office occupancy likely being well below capacity, or empty, now may be the perfect opportunity to carry out any fit out or refurbishment projects that may be on the cards!
Taking into account the June 30th 2020 cut-off, morphos are able to provide options to clients to ensure you get the maximum return on anything from a re-desk or minor refurbishment to a more substantial office project.
As an alternative to this, the government stimulus has also introduced a measure allowing 50% instant depreciation for assets greater than the $150,000, with this initiative available up til June 30th 2021! This option will be helpful for larger projects where longer time frames may be required, and now may be the appropriate time to start planning.
We’d love to have a chat about your requirements, and offer flexible design and construct solutions tailored to any business, no matter what size or industry! Check out our website to see more of what we can do, or give us a call any time if you’d like more detailed information on our capabilities, and how we can help you make the most of the government’s initiatives for business!
For more information on the government’s Instant Asset Write-Off, click here