Attention Australian Customers!
Thanks to the pollies in Canberra, as of 7:30pm on May 12th 2015 your purchase of any photoSentinel equipment is eligible for full tax deductibility this financial year.
So, on the purchase of a photoSentinel Pro system ($5443.90 incl. GST), you lower your tax bill this year by $1663.17 (based on the 2014-15 small business tax rate of 30%; rate drops to 28.5% from July 1st, 2015). Combine it with a Nikon D7200 and Sigma lens and you lower your bill this year by $2169.42!
- On a photoSentinel Pro you’ll pay $1663.17 less tax this financial year
- On a photoSentinel Mini you’ll pay $1384.35 less tax this financial year
- On a photoSentinel Lite you’ll pay $988.35 less tax this financial year
You can claim the write-off on as many new business assets (under $20,000) as you want over the next two years, meaning that every single photoSentinel you purchase and install before June 30th, 2017 will cost you at least 28.5% less, fully claimable in the same financial year.
To be eligible for the write-off the photoSentinel must be purchased, installed/first used and claimed in the same year. Also, you must retain ownership of the asset, so this doesn’t apply to those who on-sell the equipment to an end client.
The rebate will continue until June 30th, 2017, so we hope that you’re able to make good use of it over the next two years, to help grow your business and increase your revenue faster.
The fine print:
- We do not endorse the use of cash to light your cigars, nor even the regular smoking of cigars. In fact, we’re pretty sure that the smoke from a flaming plastic Aussie bank note would be even worse for you than the cigar. Combining the two in your lungs is probably a really bad idea.
- We’re not accountants, tax experts nor Joe Hockey, so the information here might be incorrect. As with all financial advice, make sure you do your own research and consult your own financial advisors before making any decisions.
- The rebate only applies to businesses with an annual turn-over of under $2 million.
- Although the tax rebate was announced as applying to any purchases after 7:30pm on May 12, 2015, the relevant legislation has not yet been passed into law, so take that risk into account.