The Government’s Coronavirus Stimulus Package has granted small to medium-sized businesses with a turnover of up to $500 million, a tax deduction for spending on assets up to $150,000 before June 30, 2020.
The Morrison government confirmed the write-off threshold would be lifted to $150,000 and extended to businesses with an annual turnover of up to $500 million, from $50 million on Thursday.
Businesses have until June 30 to take advantage of the higher limit. So, if your business is in need of new company vehicles, now is the perfect time to purchase from Armstrong Ford.
Let’s keep our businesses moving!
If you would like a sales representative from Armstrong Ford to get in touch with you to discuss this further, click here.
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