GENEROUS TAX INCENTIVES ENDING JUNE 30: GET IN QUICK!
The end of financial year is often an ideal time to improve your operations with great sales across the board.
However it’s not just the sales you should be taking advantage of…
Did you know that most small businesses (including individual farmers) can receive an immediate tax deduction for any individual asset you buy costing less than $20,000?
This $20,000 limit applies to each individual item (e.g. a loading ramp or a drafting race), however it can also apply to as many individual items as you wish. This means you can make up a full yard set of sheep or cattle yards!
There has never been a better time to improve your stockyard infrastructure – an asset for the next 50 years! Please contact us if you would like to discuss how we can structure your new stockyard purchase to take advantage of this tax incentive.
This offer ends June 30th, 2018.
The ATO has confirmed they will reduce the level to $1,000 in FY19 – so get in quick to take advantage of the $20,000 limit while it lasts!
Further information on accelerated depreciation is available on the ATO website, or speak to your accountant or financial planner about your eligibility.
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Phone: 1800 805 292