Last chance to take advantage of tax bonus

Leading equipment supplier Applied Machinery is encouraging business to take advantage of extended deadlines for Federal Government tax concessions of up to 50 per cent on capital purchases.

Under the Government’s stimulus package, Australian businesses with an annual turnover of less than $2m can order new capital equipment, priced over $1000 before December 31 and still be eligible to claim a one-off bonus deduction.

The tax break is offered on new assets and new expenditure on existing assets and is in addition to other deductions, such as depreciation. The deduction does not impact the written down value of the asset.

Provided the order is placed with the supplier prior to December 31 this year, and installed before December 31 next year, the business is eligible to claim the allowance.

Business can act now and get maximum value for money and return on investment, says Applied Machinery managing director John Goodrich.

To allow for the expected increase in third quarter demand, Applied Machinery has large supplies of new engineering, sheetmetal and plastics machinery in stock.

“Our showroom and storage facilities are stocked with pressbrakes, guillotines, punch presses, milling machines, CNC machine tools, bandsaws, coldsaws, lathes, waterjets, lasers and much more ready for immediate delivery,” says Goodrich.

Flexible payment options such as lease, hire purchase and rental are available on many items.

Applied Machinery
Ph: 03 9706 8066