Newcastle Business Technology Group stocks a variety of outstanding printers, scanners and other devices at reasonable prices. However, situations may arise where you simply can’t afford to purchase our products outright.
For these moments, we can offer clients a set of leasing and financing options. Your business shouldn’t have to suffer due to cashflow problems: We’ll work with you to get you the office equipment you need at rates that will fit your budget.
At Newcastle Business Technology Group, we don’t care solely about profits. Our clients aren’t just clients—they’re our friends and neighbours. Consequently, we believe in pairing our clients with products and solutions that will meet their particular needs.
Leasing the equipment you need for your business can seriously improve the health of your tax return. If the equipment being leased by you is 100 per cent used for business purposes then the cost of the lease is 100 per cent tax deductible. (You should seek independent tax/financial advice from your accountant based on your individual circumstances.)
Yes, every red cent. It’s not something you’ll see the ATO yelling out the window, but when you do your yearly tax return, simply provide your accountant with your lease agreement, payment schedule and proof you’ve been making the payments. Then deduct, deduct, deduct… After all, it’s a legitimate expense for the running of your business.
Leasing also removes the hassle of needing to maintain an asset register for tax purposes. You also only finance the GST exclusive cost because those you are leasing from claim the GST input tax credit. Therefore, your business is financing a smaller amount and subsequently the repayments and the interest will be reduced. And remember: There is no depreciation on rental items!
New laws have passed that allow small businesses to claim an immediate deduction for assets they start to use – or have installed ready for use – provided each depreciable asset costs less than $20,000. This will temporarily replace the previous instant asset write-off threshold of $1,000.
This measure starts 7.30pm (AEST) 12 May 2015 and will end on 30 June 2017.
Cashflow is always difficult with small businesses. When the opportunity to expand comes along, you need to have the maximum capital available to you in order to get ahead. By selecting the option to lease, you make the minimal investment needed for your business to get started and then have the finances you’d have otherwise sunk into permanent assets still available to you when you need them. If you’re doing things right, there’s every chance your business could rapidly increase in size at any time. Making sure you’re prepared for the best possible outcome is always a nice thing to think about, right?
We’ve mentioned this earlier, but let’s make it clear: Having dated equipment when your competitors are working with the latest and greatest not only damages the outward appearance of your operation—it can also mean you’re not taking advantage of new, more efficient methods of workflow. Communications and IT are in a constant state of progress. Consequently, cheaper and easier-to-use methods of storage, data collection and correspondence are coming on the market every few months. Unlike buying gear outright, with leasing, you don’t end up with a room full of rapidly depreciating assets that no longer fulfil your needs. You can also bundle installation and training for your new software in some packages and keep your staff’s skill-set up-to-date.
Our focus on the customer rather than the bottom line also comes from the backgrounds of our staff. In addition to their experience in sales and marketing, our personnel have spent years fixing office equipment and IT networks. Working to keep organisations’ workflows running smoothly has shaped our customer-first approach to financial dealings.
Newcastle BT Group has additional services to aid you throughout your equipment’s lifecycle:
Click the links above to learn more. For more information on our leasing and financing services, submit a Sales or Service Request.