COVID-19
An important update
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Special Offers from Sinclair Hyundai

In response to the COVID-19 crisis, the Australian Government have increased the Instant Asset Tax Write-Off to $150,000. Is your business eligible to benefit? Talk to the Sinclair Hyundai team today!

The Instant Asset Write-Off

In March 2020 the Australian Government increased the Instant Asset Write-Off (IAWO) threshold to help small & medium business owners weather the COVID-19 crisis.

The threshold has now been raised from $30,000 to $150,000 providing cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000.

The threshold applies on a per asset basis, so eligible businesses can immediately write off multiple assets.

JUST ANNOUNCED 9TH JUNE 2020: The $150,000 Instant Asset Write-Off is now available until the 31st December 2020. Don't miss out on this opportunity!

Is your business eligible to benefit? Find out by speaking to one of our experienced team members today!

Eligibility

Are you eligible to take advantage?

Well the good news is that the Australian Government is expanding access so that more businesses can take advantage of the Instant Asset Write-Off.

To qualify the annual turnover threshold for businesses is now increasing from $50 million to $500 million. Expanding the threshold will mean an additional 5,300 businesses who employ around 1.9 million Australians will be able to access the Instant Asset Write-Off for the first time.

Timing

When does this increased program commence?

This new IAWO proposal kicks off on 12 March 2020 and will run until 31st December 2020. It applies for new or second-hand assets first used in this timeframe.

Seek independent advice from your accountant

We advise all customers to speak to their accountant and seek professional advice before making a purchase decision.

Further information

For more information regarding the Instant Asset Write-Off program and other stimulus package supporting Australian businesses please visit business.gov.au

ENQUIRE ABOUT THE INSTANT ASSET WRITE-OFF


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Sinclair Hyundai

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Corner of York Rd and Batt St
Penrith, NSW 2750

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Taylor Miles

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