Smart businesses use Asset Finance as a form of investment. They regard their loan not as an expense but an investment in their future profits.
29 July 2021
There are two (2) things a business can do with its money – ‘spend’ it or ‘invest’ it.
Spending is when the return is less than the expense, while investing is when you get back more than you put in.
Smart businesses use Asset Finance as a form of investment. They borrow money to buy assets, and they use those assets to increase improve their bottom line.
In other words, they regard their loan not as an expense but an investment in their future profits.
If you think strategically, Asset and Equipment Finance can help you grow your sales and profits. Here are five important investments your business can make with the right finance facility:
Under temporary full expensing rules, most businesses “can claim an immediate deduction for the business portion of the cost of an asset in the year it is first used or installed ready for use for a taxable purpose,” according to the Australian Taxation office.
Conditions apply. Your business may be eligible for temporary full expensing if it is:
Speak to your accountant to see if your business qualifies for temporary full expensing.