{"id":3284,"date":"2020-10-13T01:27:00","date_gmt":"2020-10-13T01:27:00","guid":{"rendered":"https:\/\/tat.capital\/?p=3284"},"modified":"2025-07-15T02:05:28","modified_gmt":"2025-07-15T02:05:28","slug":"latest-budget-update-instant-asset-write-off","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3284","title":{"rendered":"Latest Budget Update &#8211; Instant Asset Write-off"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3284\" class=\"elementor elementor-3284\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2526114 e-flex e-con-boxed e-con e-parent\" data-id=\"2526114\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f055647 elementor-widget elementor-widget-heading\" data-id=\"f055647\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Latest Budget Update - Instant Asset Write-off<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00158ae hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"00158ae\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-daec67a hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20201013\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tOctober 13, 2020\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-237d2c7 hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t1:27 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-953fc01 elementor-widget elementor-widget-text-editor\" data-id=\"953fc01\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">We&#8217;re pleased to share with you a small commentary on govt. asset purchase incentive announcement in the last budget shared by our Knowledge Partner\u00a0<a style=\"margin: 0px; padding: 0px; font-weight: bold; color: #000000 !important;\" href=\"https:\/\/www.financeassociates.com.au\/about\/\" target=\"_blank\" rel=\"noopener\">Finance Associates<\/a>.<\/p><p style=\"margin-bottom: 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; color: inherit;\"><span style=\"margin: 0px; padding: 0px; font-size: 30px;\">ATO Instant Asset Write-off<\/span><\/span><\/p><p style=\"margin-bottom: 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">The Treasurer announced in the Federal Budget on 6 October 2020,\u00a0that the ATO instant asset write off has been extended to all\u00a0businesses with turnover up to $5 billion. It now applies to all eligible depreciable assets acquired from 6 October 2020 and first used or\u00a0installed by 30 June 2022. The maximum amount limit has also been\u00a0removed.<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Financing new equipment or a vehicle instead of purchasing it outright\u00a0can be a good way to preserve cash flow and working capital. The\u00a0asset might also help you to generate immediate income.<\/p><h2 style=\"margin-bottom: 10px; font-family: 'Libre Baskerville', serif; font-size: 28px; color: #30231d; line-height: 1.8; font-style: normal;\">Financing Options are available<\/h2><h2 style=\"margin-bottom: 10px; font-family: 'Libre Baskerville', serif; font-size: 28px; color: #30231d; line-height: 1.8; font-style: normal;\"><span style=\"color: #888888; font-size: 16px; font-family: Raleway, sans-serif; font-weight: 400;\">It\u2019s a common question for small business owners; how do you get your\u00a0hands on the equipment you need to grow, while still keeping the all-\u00a0important cash flow and working capital at healthy\u00a0levels?<\/span><\/h2><div style=\"margin: 0px; padding: 0px; color: #888888; font-size: 16px;\">Choosing the right asset and equipment finance can give you further\u00a0benefits than just preserving your day-to-day\u00a0funds:<\/div><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Assets and equipment can generate immediate income<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Finance can help preserve working capital<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Fixed repayments may give you the ability to budget more\u00a0accurately<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">The asset secures the loan, in which case you don\u2019t have to\u00a0lock up your property security which can be preserved for\u00a0future finance such as working capital<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">There may be potential tax advantages to consider\u00a0<\/li><\/ul><div><span style=\"color: #888888;\"><span style=\"font-size: 16px;\">\u00a0<\/span><\/span><\/div><h3 style=\"margin-bottom: 8px; font-family: 'Libre Baskerville', serif; font-size: 20px; color: #30231d; line-height: 1.8; font-style: normal;\">What can be financed?<\/h3><div style=\"margin: 0px; padding: 0px; color: #888888; font-size: 16px;\"><img decoding=\"async\" style=\"margin: 0px; padding: 0px; max-inline-size: 100%; border-width: 0px;\" src=\"https:\/\/sitebuilder-717292373.zohositescontent.com\/lbu-upgrade.jpg\" \/><\/div><div style=\"margin: 0px; padding: 0px; color: #888888; font-size: 16px;\">\u00a0<\/div><div style=\"margin: 0px; padding: 0px; color: #888888; font-size: 16px;\"><p style=\"margin-bottom: 15px;\">Any asset, plant or equipment that can help generate income for\u00a0your business may be able to be financed, and can\u00a0include:\u00a0<\/p><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Motor vehicles\u00a0<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Commercial vehicles<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Plant and machinery<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Agricultural equipment<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Solar power equipment<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Computers, photocopiers and phone systems\u00a0<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Medical and dental equipment<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Office equipment<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">General business equipment<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit;\">Internal fit-outs\u00a0<\/li><\/ul><div>\u00a0<\/div><p><span style=\"margin: 0px; padding: 0px; color: inherit;\"><span style=\"margin: 0px; padding: 0px; color: inherit;\"><span style=\"margin: 0px; padding: 0px; font-size: 30px;\">Talk to us today<\/span><\/span><\/span><\/p><p><span style=\"font-style: inherit; font-weight: inherit;\">As finance brokers, we work with clients to help them find the right\u00a0finance solution from the range of lenders we have access to. We help\u00a0clients achieve peace of mind that they are on the right path, with\u00a0finance that fits their circumstances and is aligned with their goals.\u00a0So, if you\u2019re looking for business finance, we\u2019re here to steer you in the\u00a0right direction. Find the guide below, or click\u00a0<\/span><a style=\"font-style: inherit; background-color: #f0f5fa; margin: 0px; padding: 0px; font-weight: bold; color: #000000 !important;\" href=\"https:\/\/www.financeassociates.com.au\/business-finance-guide\/\" target=\"_blank\" rel=\"noopener\">here\u00a0<\/a><span style=\"font-style: inherit; font-weight: inherit;\">to download.\u00a0<\/span><\/p><p style=\"margin-bottom: 15px;\"><span style=\"margin: 0px; padding: 0px; color: inherit;\">We look forward to hearing from you.<br style=\"margin: 0px; padding: 0px;\" \/>\u00a0<br style=\"margin: 0px; padding: 0px;\" \/>Regards<br style=\"margin: 0px; padding: 0px;\" \/><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">The Team at Finance Associates Australia<\/span><br style=\"margin: 0px; padding: 0px;\" \/>02 8883 1369 |\u00a0208\/33 Lexington Drive Bella Vista NSW 2153<\/span><\/p><p style=\"margin-bottom: 15px;\"><img decoding=\"async\" style=\"margin: 0px; padding: 0px; max-inline-size: 100%; border-width: 0px;\" src=\"https:\/\/sitebuilder-717292373.zohositescontent.com\/lbu-fin.jpg\" \/><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4f260e elementor-widget elementor-widget-button\" data-id=\"b4f260e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/Finance-Associates-Australia-Business-Finance-guide.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Latest Budget Update &#8211; Instant Asset Write-off May 22, 2025 1:27 am We&#8217;re pleased to share with you a small [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3788,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[10],"tags":[43],"class_list":["post-3284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements","tag-working-capital"],"_links":{"self":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3284"}],"version-history":[{"count":5,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3284\/revisions"}],"predecessor-version":[{"id":3726,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3284\/revisions\/3726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/media\/3788"}],"wp:attachment":[{"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}