It’s Tax Time – Don’t miss the $20,000 TAX BREAK!

At Servico, we can assist you to ensure you are operating at your highest efficiency. Part of this is in selecting and purchasing the right equipment. Fortunately the current $20,000 tax break on equipment purchases is still in place – until June 30th 2017. Now is the time to make that purchase on new equipment – Binders, Shredders, Folders, Guillotines, Staplers, Whiteboards, etc.

To assist you today we provide information on the Federal Government Tax Break and how your business can benefit.

Here is the original ABC Press Report on the Tax Break available – Until June 30th 2017.

$20,000 small business tax break explained

One of the biggest announcements in 2015’s budget was the temporary increase to the instant asset write-off, allowing small businesses to claim back purchases of up to $20,000.

So is this just free money? How can you take advantage of the new scheme?

Take a look at the key points of the $20,000 instant asset write-off.

What is the $20,000 tax break?

Businesses with an annual turnover under $2 million can claim immediate tax deductions for as many sub-$20,000 purchases as they make between 7:30pm on budget night and June 30, 2017, rather than having to claim those purchases as deductions spread over several years.

This was and is a huge increase from the previous instant asset write-off threshold of $1,000.

The Federal Government allocated $1.75 billion to fund the scheme, which will run for the next two years. [Note: It finishes on June 30th 2017!]
Who is eligible?

The $20,000 tax break applies to businesses that can demonstrate ongoing activity via quarterly Business Activity Statements.

The business must be actively trading to be eligible for the break.

What’s covered?

“If you run a cafe, it might be new kitchen equipment, or new tables and chairs,” Mr Hockey said in his budget night speech in 2015.

“If you’re a tradie, it might be new tools or a computer for the home office.”

“Cars and vans, kitchens or machinery … anything under $20,000 is immediately 100 per cent tax deductible from tonight.”

In other words, any asset involved in running a business is covered by the scheme.

What’s not?

Assets over $20,000 are not eligible for the instant tax write-off, but can be fully written off over a longer period.

Any assets over $20,000 can be added together and depreciated at the same rate. These assets are depreciated at 15 per cent in the first income year, and 30 per cent per year thereafter.

If the value of the pool is below $20,000 until the end of June 2017 it can be immediately deducted too.

There are a few items not deductible, including some horticultural plants and any software developed in-house by a business.

Software purchased for business use, for example, an account-keeping program, can be claimed.

Accountants have also warned they expect the ATO to closely monitor the number of Australian Business Number (ABN) applications, to keep an eye on any attempt to rort the scheme.

What else do you get?

In addition to the instant asset write-off, companies with annual turnover of less than $2 million have had their tax rate lowered, from 30 per cent to 28.5 per cent.

This is the lowest small business company tax rate in almost 50 years.

Unincorporated businesses, such as sole traders, partnerships and trusts, will also get a 5 per cent tax discount from July 1 up to $1,000 a year.

What does this mean for you?

“If you currently run or you are thinking of starting a small business, now is the time to act”, according to ABC’s AM program host Michael Brissenden.

“The small business package is extraordinarily generous. If you were ever thinking about opening a cafe, do it now,” Brissenden wrote last night.

“Buy as many espresso makers, fridges, photocopiers and lawn mowers as you like, and claim an immediate tax deduction until 2017.”

Source

Check this chart – it’s accurate…

Tax-Break-Infographic-High-Res-02-1-1

Source

Finally, call us at Servico regarding your new equipment requirements. Quality brands such as Fellowes, Dahle, Ideal and Ledah with effective warranties are all available now to be purchased and installed BEFORE June 30th 2017.

Servico – We keep you running.

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It’s Time to Upgrade

There comes a time when businesses, schools, training and service centres need to upgrade on office performance. Whether its reports, price lists, fact sheets or laminated display cards, there comes a time when it’s commercially smart to invest in the right equipment.

Binders, laminators, paper guillotines, staplers and a good copier. The local office supplies or secretarial service just becomes too expensive and the queues too long. Doing the job in-house means you are ready, prepared and professional.

Documents can be produced with ease. Binders are available for all business requirements – whether you need to bind one document at a time or a hundred at a time, Servico can access a full range of binders and binding equipment – Qupa, GBC, Renz and many other brands – providing full sales and installation service and then ongoing maintenance of your selected binding equipment.

Servico can provide advice, sales, installation and maintenance on a wide range of Laminators. Brands such as Gold Sovereign, Fellowes, GBC and a host of others provides Servico customers with a wide range of equipment to choose from.

Electronic and Mechanical Staplers are also available with brands such as Rapid, Rexel, Max, Skrebba, Stago and Nagel all accessible and for sale, with full service and backup available.

With all new equipment, there is often a warranty period and Servico are the accredited warranty repairers for many major brands.

Being well equipped enables your business to present professionally – all of the time. Changes to fact sheets, price lists and company profiles can be achieved in real time – no waiting, no added expense.

Schools, Training Centres, Conference Facilities – all require the right equipment to service their student populations, their faculties, and in the case of Training Centres and Conference Facilities – their valuable clients.

Call Servico now on 03 9686 8044 and ensure your business, office or school is optimally equipped to handle your in-house printing, binding, copying and laminating requirements, or book online here.

Servico – We keep you running.

School Term Break – Perfect time for Maintenance and Repairs

profile-picSchool Holidays – time to take a break and recuperate. Well, not for us here at Servico. Schools use paper and as such, they use equipment to manage paper such as Laminators, Binders, Shredders, Electric Staplers, Folders, Whiteboards and Guillotines.

With up to 1100–1200 students at some high Schools, and most Primary Schools having enrolments of 300–600, this puts extra stress on all this equipment. Now is a very good time to schedule maintenance and inspection on all such items with Servico. You can call now and schedule a visit from our qualified service personnel on 03 9686 8044 or send us a message through our online booking form.

It’s stress free and means that this new term you know the equipment is going to function without fault right through until next term break. And guess what? You can schedule your next maintenance call for that period ensuring you experience trouble free, productive time from all your hard working equipment. If you’re not sure whether we can service your equipment or office machines – call us – we service all makes and models.

And as we told you last week, and this applies to schools as well as businesses, if your equipment reaches the end of its useful or productive life, our Servico Technicians can indicate a suitable replacement unit, negotiate a great deal for you and have your new unit ready and functioning for the new school term. Again we often carry fully reconditioned, high quality, second hand equipment which may suit your organisation’s individual needs.

We service major brands such as Fellowes, Dahle, Ledah and Ideal. Servico are fully qualified and accredited Warranty Repairers for a wide range of brands including Rexel, Kobra Shredders and Infostop.

Other brands included… For Electronic and Mechanical Staplers – Rapid, Excel, Elmers, Ledah, Nagel and Novus Staplers. For Paper Trimmers – Neolt, GBC, Fellowes, Carl, Dahle and Jastek. For Electronic Whiteboards, Servico service and repair NEC, Toshiba and Panasonic Whiteboards – again if you’re not sure call us on 03 9686 8044 and enquire regarding all office equipment (no PCs or copiers please).

Servico, we’re here to keep you running

Never Stop Running with Servico Maintenance, Equipment and Warranty Repairs

With not much time to spare, the documents are now ready for Binding. 100 of them. Covers, Backing sheet, binding coils. The meeting is tomorrow morning at 9am. Your clients staff are ready to receive the new instruction manuals – for use in their vans. The electronic binder – it’s not working!!

This scene is replicated in offices right around Australia. Here in Melbourne you can call Servico – but it is unlikely that there will be time to fix it. So, it’s now down to outsourcing and paying a heavy premium for what you can generally do yourself in-house.

Two things – first, regular service and maintenance will ensure that this scenario simply just doesn’t happen – make sure that you have functional equipment – get Servico to do a thorough assessment and follow through with a maintenance plan – for your Binders, Laminators, Shredders, Electric Staplers, Folding Machines, Trimmers, guillotines, Paper Drills Hole punches – even Whiteboards – and many more office items.

But – there comes a time where that equipment just cannot be repaired. Let Servico provide expert advice and assist you in making the right decision. Servico stock a good range of second hand fully reconditioned equipment and may well have a suitable machine for your ongoing requirements. This includes Binders, Shredders and a host of other equipment. All reliable and of the highest quality.

And if there isn’t a suitable item Servico are able to access a full range of new equipment from brands like Qupa, GBC, Rexel, Dahle, Fellowes and Rapid to name but a few. Visit the Maintenance and Repairs page of our website, brands of equipment available for sale are listed but there are many more.

As well, our Servico Technicians will advise on what equipment will best serve your needs, ensuring a solid working life on all equipment and not being let down as earlier described.

Once purchased, Servico offer warranty support on many brands including Fellowes, Dahle and Ledah equipment.

So, make sure that your office, print shop or specialised business ‘never stops running’. Call Servico on 03 9686 8044 and ensure you are equipped and ready to go. Whether Sales, Service or Warranty Repairs, always rely on Servico – the name means service.