Capricorn reminds its many thousands of automotive business Members that time is quickly running out this financial year to take full advantage of the Federal Government’s $20,000 tax break for equipment asset purchases.
While the Federal Government’s recent budget announcement has confirmed that the $20,000 instant tax write off on business asset investments will be extended to June 30 2019, the opportunity exists during May and June 2018 to capitalise on your tax savings this financial year, while improving your business efficiency, productivity and profitability.
The time has never been better to update your workshop equipment and office equipment from Capricorn Preferred Suppliers, while gaining a significant deduction on your tax bill. Capricorn is also offering double Capricorn Reward Points (three points per dollar spent) for eligible purchases made during June 2018, further enhancing the advantages of purchasing business assets now.
If cashflow at this time of year is a concern, Capricorn Finance is also on hand to ensure that automotive businesses make the most of this tax deduction incentive until June 30 2018, offering highly competitive financial packages tailored to suit automotive businesses.
Capricorn’s Purple Pages guide provides a multitude of Capricorn Preferred Suppliers who can update any automotive or collision repair workshop’s tools and equipment to suit the smallest or the largest requirements.
According to Capricorn Group CEO Greg Wall, continued business investment in plant and equipment leads to business growth, development and sustainability.
“As the technical complexities of repairing and servicing the vast number of makes and models on Australia’s roads increases, automotive workshops need to ensure that they stay ahead of the technical curve by investing in new equipment. There isn’t a better time than right now to invest in your business, significantly reduce your tax bill and gain more Capricorn Reward Points,” Mr Wall stated.
To find out more or to join Australasia’s largest automotive cooperative, visit www.capricorn.coop or call 1800 327 437.