IT’S TIME TO BUY

Access Up To $150K in

Government Incentives

Did you know you may be eligible to receive money and tax incentives with the government’s latest stimulus package?

The Stimulus Package

The Scott Morrison government has now released 3 economic stimulus packages since March 12th, totalling $213.7B to keep Aussies in jobs, businesses in business and households supported. Of that, billions are being invested to create incentives to encourage businesses to spend.

 

Where is this money going, and how will it benefit you?

 

JobKeeper Program: Eligible businesses will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th March 2020, for a six-month period.* Read more about this here.

Businesses with annual turnover of

LESS THAN

$50M

Wage Subsidy:

$31.9B will be allocated to boost cash flow for employers for eligible small and medium-sized businesses, up to $100,000. This will be delivered by the ATO, starting late April. 

Asset Write Off:

Businesses can write-off assets up to $150,000 (up from $30,000) such as concrete tanks, tractors or delivery trucks.

Tax relief:

Businesses can deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.

Coronavirus SME Guarantee Scheme:

The Commonwealth will guarantee 50% of an eligible loan through participating banks, with a maximum loan of $250,000 over 3 years for eligible businesses.

LESS THAN

$500M

Asset Write Off:

Businesses can write-off assets up to $150,000 (up from $30,000) such as concrete tanks, tractors or delivery trucks.

Tax relief:

Businesses can deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.

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Plus a further $1B regional community fund to support hard-hit regional areas and industries, including agriculture, education and tourism. Read more about this here.

These are testing times, but 14 years down the track—we’ve seen similar hard times, such as the GFC in 2008-2012, and from our experience, now is not the time to hang back. Now, more than ever, projects and work like yours is what keeps Australia moving. So it's time to take advantage of these subsidies, buy the right machinery, and dig deep.

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At Machines4U we are dedicated to helping you buy better and sell faster, despite these trying times. We aim to keep everyone informed and do our best to help businesses stay steady through the uncertainty.

Sincerely,

founder

Steve Krebs and Luke Bruce

Machines4U Co-Founders