Take Advantage of the Instant Asset Write Off
As the end of the financial year approaches, many business owners, CFOs and procurement officers are looking for ways to invest in assets, equipment and company cars without putting a strain on cashflow. The good news is that there's still time to take advantage of the Instant Asset Write Off, and Matias Group is here to help. The Instant Asset Write Off is a tax incentive that allows businesses to immediately deduct the full cost of eligible depreciating assets in the year they are purchased. This means that businesses can invest in assets and equipment without having to pay the full amount upfront. However, it's important to note that this incentive is only available for assets that cost up to $150,000 and are purchased before June 30th. At Matias Group, we understand the importance of investing in assets and equipment to help your business grow. However, we also know that it's important to manage your cashflow and not fall into the trap of paying 100% cash in a bid to avoid company tax on profit. That's why we recommend financing depreciating assets such as cars and equipment and keeping some cash reserves for unexpected expenses and appreciating assets such as investment in inventory and people retention. By investing in your people and your inventory, you can ensure that your business is well-positioned for growth and success in the years to come.
By financing your assets, you can spread the cost over time and make manageable monthly payments, rather than paying a lump sum upfront. This allows you to preserve your cashflow and keep your business running smoothly, while still investing in the assets and equipment you need to grow.
At Matias Group, we can help you finance your assets as well as introduce you to our vendor partners across many different industries for assets and equipment. We can also connect you with our nationwide car dealer network for vehicles, making it easy for you to gain access to the assets and equipment you need to take advantage of the Instant Asset Write Off.
Contact us today to learn more about how we can help you take advantage of this tax incentive and finance your assets with ease.