While 2020 is going to be one of the most remembered years of our lives thanks to COVID-19, extraordinary tax changes and incentives have marked 2020/21 as our most unique tax year ever.
With the federal government extending the instant asset write-off until June 2022 there has never been a better time to purchase capital assets.
Using the instant asset write-off, you can claim a deduction for each asset that costs less than the threshold that applied when the asset was first used or installed ready for use. Different thresholds apply, speak to your accountant or tax professional for advice tailored to your individual circumstances.
Low interest loans funding asset investment
Another remarkable economic feature of 2020 is the record low interest rate.
With banks competing for customers, it’s a great time to negotiate an affordable business loan to buy a significant asset you can write off immediately. While the loan paperwork you’ll need to wrangle won’t be insignificant, the return on investment (ROI) makes it more than worth the time it takes to apply.
Increase your warehouse’s operational efficiency
Improving efficiency and productivity is a primary goal for any business. Investing in quality warehouse cleaning equipment will increase your operational efficiency by:
- Reducing downtime and the time spent cleaning, which frees staff for other critical tasks
- Avoiding interruptions, so staff won’t have to stop what they’re doing to deal with a mess they need to clean u
- Improving inventory management by giving staff easy and hazard-free access to aisles.
Clean warehouse floors will also reduce the risk of accidents and injuries, and reduce your maintenance costs.
And right now, it will also increase your bottom line with the added bonus of paying less tax for the current financial year.
Case study: How Mainfreight cleaned up on its efficiency targets
Global supply chain and logistics company, Mainfreight, found its large Sydney site in need of a new floor cleaning solution. Their machine’s performance was inadequate for such a large area and its waste hopper required frequent emptying. Operators found the cleaning process slow and frustrating.
Conquest provided a free assessment, which included measuring the space, examining the surfaces, and discussing the cleaning challenges with workers and warehouse managers. Conquest then recommended the Conquest PB180 LPG power sweeper.
With its huge 500-litre waste hopper, a 1900mm-wide sweep path, and environmentally friendly LPG engine, this robust and reliable power sweeper exponentially improved efficiencies at the Sydney facility.
Calculate your efficiency ROI
Visit our Calculating the ROI of your commercial cleaning equipment page to determine what your ROI could be.
Complete the form below and one of our team will be in touch.
5 great reasons to choose Conquest
When you buy from conquest, you get:
- 100% satisfaction guaranteed
- 60-day money back guarantee
- 4 years parts and labour warranty
- Fully flexible rentals without penalties
- Our industry leading Zero Downtime Program
Are you ready to maximise your EOFY benefits?
For more advice and to help prepare a business case for the purchase of a significant warehouse cleaning asset, download our insightful brochure 6 ways for Warehouse Operations Managers and CFOs to maximise EOFY
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* This advice is of a general nature. Please speak to your tax professional for guidance tailored to your situation.