The end of financial year is a busy time for business owners. Beyond the accounting requirements, it’s often a good time for business owners to take stock of where they are performing against projected targets.
It’s the perfect time to have a full stocktake to ensure any stock write-offs can be included as possible deductions. If you need to replace or upgrade your equipment, a loan, lease or rental finance solution may be a fast way to get the assets you need to make income for your business, while freeing up your cash for other things.
Tax deductions on asset purchases
There is also still time to take advantage of the governments tax deductions for small businesses on all eligible asset purchases for business use up to the value of $30,000. If you have been considering making purchases of new equipment and assets to help your business grow, this is the time to do it to be included in this financial years tax return.
Bigstone Finance can offer fast, flexible loans from $10,000 to $2,000,000 for assets and equipment for your business.