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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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Refinancing commercial property?

Posted on 2nd November, 2018 in News

Are you looking to refinance commercial property? MKP has an exclusive offer: Special variable interest rate 4.39% (comparison rate 4.46%)   Commitment fee reduced to $1,000 PLUS if the loan settles the $1,000 commitment fee will be refunded post settlement LVRs up to 75% for major metro areas and LVRs up to 70% for regional areas for standard non-specialised commercial property including multi-unit residential blocks, shops, offices and industrial units. To qualify, the following applies: The application must be received prior to 24 December 2018 Loan amount must be between $1 million and $3 million Loan must settle prior to 31 March 2019…

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