Making the decision to finance business equipment could have a noticeable effect on the success of the business, so it is a choice worth considering with an advisor.

What is Equipment & Vehicle Finance?

Equipment & Vehicle Finance is a way of purchasing equipment, machinery or other assets without having to pay the full amount upfront. You are essentially paying a regular amount to ‘rent’ the equipment from the ‘lessor’.

Can I apply for Equipment & Vehicle Finance?

Almost anything can be financed or purchased as long as the asset will be used more than 50% of the time to earn assessable income. This includes vehicles, computers, machinery and other types of equipment.

Applicants for finance can be Companies, Individuals, Trusts, Partnerships or Independent Traders.

You must have home equity and produce tax returns for the last two years for your business to be eligible.

How can Scolari Comerford help?

Financing through a count advisor can help you:

• Free-up capital;
• Avoid inflation and currency movements;
• Save time and money;
• Pre-approved credit limits;
• Maximise your depreciation and tax deductions; and
• Claim back the entire GST quickly in your next BAS.

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Opportunity for Business Owners

The Federal Government has announced a temporary 50% Investment Allowance valid for most new assets either ordered or acquired between 13th December 2008 and 31st December 2009.

For full details of the allowance and how it could generate a big tax break for your business, contact us today.