Monday, 23rd March 2020
The Australian Government has just announced an increase of the Instant Asset Write-Off (IAWO) up to $150,000 (up from $30,000 last week). This means your business* will be able to immediately depreciate the full value of assets up to $150,000. The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets.
If you're looking to upgrade or replace your tools, tool boxes, workshop equipment (compressors, hoists, grease/oil dispensing systems, code readers/truck scan tools) then we've got you covered. We can get the best pricing on Macnaught workshop grease and oil equipment, SP Tools tool kits, tool boxes and compressors, CanDo scan tools and code readers, and Alemlube hoists and other workshop equipment.
If you'd like to start talking about what workshop equipment we can provide to help you make the most of the Instant Asset Write-Off scheme, then please get in touch with your local branch.
If you'd like the full details and to understand if your business is eligble, please visit the Treasury page on the Corona Virus Economic Package - https://treasury.gov.au/coronavirus/businesses