The Instant Asset Write-Off
Companies with an annual aggregated turnover of up to $500 million can fully expense commercial purchases both new and used against profit in their FY22 tax return.
There is no better time than now to consider your options if you're looking to upgrade any existing asset or if there is a dream purchase that has been on your mind.
In the current climate, obtaining a conditional approval has never been more valuable. With financiers ‘moving the goalposts’ on a weekly basis, having an official approval in place removes any potential issues towards the settlement period.
MATIAS Group will expedite your approval allowing you to concentrate on "shopping" for your purchases. We can then work with your supplier making sure monies are ready for the delivery with our team on your side every step of the way.
Common assets purchased:
Earth-moving Equipment | Yellow Goods
Trucks | Trailers
Manufacturing | Automation
Cars | Commercial Vehicles
IT Hardware | Software
Printers | AV
There are two main factors that you do need to consider to get the best outcome for your asset write off in FY22:
Supply Chain Interruptions
With waiting lists on new vehicles up to 12 months, locking in a delivery window before EOFY is critical to take advantage of the instant asset write-off in FY22. Its imperative to get all information through to us so we can do our best work for you.
Interest Rate Increases
Interest rates are, and will continue to increase, so the sooner you lock in your finance contract the cheaper your overall purchase will be!
Low – Doc Options
Coming into the last quarter of FY22, MATIAS Group once again can access top-tier funding without the need for Company Financials.
For purchases <$150,000, we can approve if your company is:
2 years+ GST registered
Director property ownership (no property security required)
Clear credit history (no defaults/judgements)
For companies that qualify, rates are still mid-single digits without the need for Company Financials
Enter your details below to book in a quick chat with a specialist to see how MATIAS Group can help