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Temporary Full expensing explained - Minimise your tax while acquiring some brand new equipment

April 13, 2023

 

 

 

Looking at acquiring the new Roland TrueVIS AP-640 Resin Printer or one of the new BRM Laser Engravers?

In this video, Eddie from Eco-lease explain the benefits of acquiring equipment and how this can minimise your tax as an instant asset write-off.

Ecolease is an independent finance broking firm that specialises in providing Commercial Equipment Finance solutions to small and medium-sized businesses. With accreditations from all major banks and finance companies, Ecolease is capable of sourcing the best financing options for their clients.

One of Ecolease's core strengths lies in their ability to establish open and trustworthy relationships with everyone they work with. This allows them to provide fast and effective financial solutions to their clients and their suppliers.

As the official finance partner of Graphic Art Mart, Ecolease has a proven track record of delivering exceptional finance services to the printing and signage industry. Their expertise and industry knowledge make them the go-to finance partner for businesses in this field.

 

How Ecolease Help?

·        They can get you a 90-day finance preapproval in place – no cost, no obligation.

·        They can help with NO FINANCIALS approval up to $250k.

·        They have a panel of 20 lenders and can help most businesses get approved!

Why BEFORE June 30?

·        Temporary Full Expensing TFE (formerly known as the Instant Asset Write Off) is now limitless – any equipment of any price now qualifies.

·        TFE effectively reduces the cost of equipment by more than 25%**

·        TFE expires on June 30, 2023

·        or more information visit the ATO website, here.

Key Points to know about TFE

·        You can write off 100% of eligible (multiple) items of equipment, no matter what the asset value.

·        Equipment must be purchased, and ready for use by June 30, 2023

 

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