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Instant Tax Write Off Increased to $30,000

Posted on 18th April, 2019 in News

The Instant Tax Write Off has now been increased to $30,000 and extended to 30 June 2020. The instant asset write-off now also includes businesses with a turnover from $10 million to $50 million. Claim a deduction of up to $30,000 for the business portion of each asset (new or second hand), purchased and first used or installed ready for use from 7.30pm (AEDT) on 2 April 2019 until 30 June 2020. If you have been thinking about your next purchase, don’t hold off the growth of your business, speak to our team today for no obligation pre-approved finance - call 1300 000…

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Small Business Instant Tax Write Off Increased to $25,000

Posted on 6th February, 2019 in News

It's good news for SME’s looking to purchase new or used equipment. On 29 January 2019, Prime Minister Scott Morrison announced that the government will introduce legislation to increase the $20,000 instant asset write-off threshold to $25,000. Under the changes, small businesses may immediately claim tax deductions on assets costing less than $25,000, with no limit on the number of assets to be claimed until 30 June 2020. If you have been thinking about your next purchase, don’t hold off the growth of your business, contact Moody Kiddell for no obligation pre-approved finance. Click here to get pre-approved.  

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Great Outcome for SME’s Borrowing – Royal Commission

Posted on 5th February, 2019 in News

Moody Kiddell & Partners welcomes the release of Commissioner Hayne’s final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. There is no finding of market failure in the commercial broker channel. The National Consumer Credit Protection Act (NCCP Act) should not extend to small business lending. What does it mean for you? It will not be more difficult to secure funding for your business Cost of borrowing is not likely to increase because of additional regulation.  

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