The Biking Broker Newsletter - 10th November 2009
Business Investment Allowance Set to End – 31 December 09
This significant tax incentive is set to end on the 31st of December, 2009.
This additional allowance applies to small businesses, with a turnover of less than $2m, any eligible asset1 purchased between the 13th December 2008 and the 31st of December 2009. Please note that the equipment must be delivered/installed and in use before the 31st of December 2010. The asset must be brand new, not second hand and cannot include trading stock, land or buildings.
I’d recommend anyone who is considering the purchase of equipment to take advantage of this limited opportunity before it ends2.
Should you wish to take advantage of this opportunity please call me to arrange finance for a new business vehicle, earthmoving equipment, office equipment including computers and printers (minimum spend required of $5000)3 for eligible business customers4.
I can arrange repayment terms and amounts to suit your budget and cash-flow situation.
Don’t have enough time to shop for your new car or van?
Ask me about the JIVVE vehicle purchasing program-the dealer comes to you!
Thank you for your continued support of my business and I look forward to assisting you.
- Assets must be >$1000 in value, purchased before 31 Dec 2009 and installed prior to 31 Dec 2010.
- Please seek professional accounting advice as to the suitability of an asset purchase to your needs under the incentive scheme.
- Small ticket assets $5,000-$35,000 must be purchased through a recognized dealer. Finance for near new vehicles can be arranged (second hand assets not eligible for incentive)
- Minimum 2 years financials, good credit history/references, other terms and condition may apply.