none
none

GOING, GOING, (ALMOST) GONE: LAST CHANCE FOR SME TAX RELIEF

03-05-2017
by 
in 

Remember Joe Hockey? Remember his May 2015 budget? Well, it seems that many have forgotten about it, and Greig Maver of MAVERick Equipment thinks it’s worth reminding everyone.

The Growing Jobs and Small Business package in the May 2015 Federal Budget was a generous one – even if it was limited to companies with turnovers of less than $2 million. But it came with a serious incentive for small businesses to invest, allowing them to purchase both new and used capital items valued up to $20,000 and deduct the purchase price from their taxable incomes.

Anyone who is now saying “Oh yes, I remember that” has almost certainly forgotten that the scheme was not just for the 2015 tax year. It runs until 2017, which means that those same companies still have until 30th June this year to take advantage of the government’s generosity.

“It’ still a no brainer,” says Grieg Maver. “It really is money for jam, but I’m convinced that people have forgotten about it.”

For the benefit of those who hadn’t forgotten (and those who now remember) MAVERick has around 350 items of materials handling equipment in stock and ready to move before the 30th June deadline.

As Maver puts it: “It’s not often you can invest in your business and effectively get almost a third of the money back within a few weeks. But, the clock is ticking!”

MAVERick Equipment
1800 500 411
www.lifter.com.au

Related news & editorials

  1. DrumBlaster in use
    12.12.2017
    12.12.2017
    by      In
    An Australian innovation is starting to garner success at home and abroad, with increasing numbers of export orders for DrumBlaster. The company’s innovative buildup control technology system virtually eliminates residual concrete buildup in ready mix truck drums.
    “It is gratifying that after five... Read More
  2. 12.12.2017
    12.12.2017
    by      In
    A major new research centre aims to transform Australia's automotive industry by developing new lightweight materials and manufacturing technologies, making cars more fuel-efficient and reducing carbon dioxide emissions.
    The ARC Training Centre in Lightweight Automotive Structures (ATLAS) has been... Read More
  3. 12.12.2017
    12.12.2017
    by      In
    South Australia has rated in the world’s top three places to explore for oil and gas in a newly released global survey by the Fraser Institute in Canada.
    The respected public policy think tank asks petroleum industry executives each year for their views about barriers to investment in jurisdictions... Read More
  4. 12.12.2017
    12.12.2017
    by      In
    Mineral explorers and researchers from around the world will gain an unprecedented look at rocks from deep below the world-famous Nullarbor Plain.
    The Geological Survey of South Australia (GSSA ) will display 12 trays of drill core rom the South Australian Government’s $3 million PACE Copper... Read More