22 May Small business owners: Take advantage of $20,000 tax break before it’s too late!
DO you own a small business and want to reduce your taxable income with an awesome tax break while lowering running costs immediately and earning more money in the long run? If yes, keep reading…
With tax time almost upon us, now’s your chance to give yourself a $20,000 tax break in the form of instant asset write-off! Thanks Federal Government! But you’re going to need to act fast, as this offer is only applicable to purchases made by June 30, 2018.
If you are a small business, you can immediately deduct the business portion of most assets that cost less than $20,000 each if they were purchased from July 1, 2016 to June, 30, 2018, and your turnover is less than $10 million.
This deduction is used for each asset that costs less than $20,000, whether new or second-hand. You claim the deduction through your tax return, in the year the asset was first used or installed ready for use.
What does this mean for you?
You should act NOW and call us today to discuss a solar solution for your business. By adding solar panels to the unused space on the roof of your business and taking up this tax break offer, not only will you immediately reduce your taxable income by however much you spend on your solar purchase and install, you’ll also begin to reduce your energy bills from day one. You win in the short and the long term, yahoo!
So let’s do some quick maths on this tax break offer: if your taxable income is set to be $100,000, by spending $15,000 on a solar solution you will have reduced your taxable income to $85,000. It sounds too good to be true but we can assure you it’s very real and ending soon!
Buy solar > Get tax break > Lower power bills > Future-proof your business = Winning!!!
Call us today to organise a solar solution for your small business before June 30!