We welcome the government’s cash flow boost to business owners of between $20,000 and $100,000. The recently announced Jobkeeper incentive will also help you retain employees by paying the first $1,500 of their fortnightly salary – and there’s more to come with a rumoured rental assistance package as well.
This website will provide you with more information on how the government is helping business owners https://treasury.gov.au/coronavirus/businesses
Lenders are helping business owners also by allowing you to freeze your repayments as well for up to 6 months, and most are also reducing rates on business loans, overdrafts and lines of credit.
Cashflow is the heartbeat of your business and we understand how important it is that it keeps on beating. Lenders are making cashflow loans of up to $250,000 available as unsecured facilities which are 50% guaranteed by the government.
The government has also increased the instant asset write off. So if you need new cars, vans, computers and tech equipment, fit-out, furniture, TVs, solar systems or tools, now could be the best time to act. I can organise your asset finance to make the most of these write-offs, which effectively allow you to write off assets up to $150,000*, with an immediate tax deduction (rather than depreciating over time). Note: the assets need to be purchased and in use by June 30, 2020.
Get in touch with us, Click Here
