How to make the most of end of financial year special offers.

You’re most likely aware that the end of this financial year (30th of June) is fast approaching so you’ll want to touch base with your accountant, if you haven’t already, to see how your business is tracking and what kind of profit margins you’re looking at. If you’ve made a decent profit, it’s likely that you’re going to have to pay a fair chunk of tax.

But is there any way that you can minimise your tax liability in the short amount of time that you have left?

How can purchasing a major asset save you tax dollars?

As your accountant might have already advised you, any major purchase made before the 30th of June is going to lower your tax liability. For example, say you’ve had a reasonably good year, and your profit is sitting at around $1M. Hey, well done! But, this means that you’re going to have to pay tax on that profit!

But if you make a major purchase like a large piece of machinery or perhaps an accommodation unit before the end of June, a good portion of the purchase price can be written off as depreciation. Your accountant will help you understand the ins and outs of this. This is an expense that can be offset against your profit and effectively reduce it. 

And so, in turn, this will reduce the amount of tax that you’ll have to pay! Bingo!

It’s probably the fastest and easiest way to limit how much tax you’ll be liable for once your accountant has completed all your financials. Plus, the purchase that you make is an asset that can help you to make more profit in the coming years ahead. So this is not just about a sneaky way to reduce your tax – it’s a genuine way of investing in the future of your organisation.

One asset that can help reduce your tax is an accommodation unit.

As we’ve discussed, any type of major purchase made before the end of June is going to reduce your tax liability and this includes an accommodation unit. So if you haven’t yet done everything you can to try and minimise your tax, remember that we have a special EOFY offer here at Aruva for a select number of our accommodation units.

We’ve already had quite a few customers take advantage of this offer which means that we only have a few units left in stock that are ready for immediate purchase and delivery. So if you want to take advantage of our special offer, you’re going to have to be quick!

Why have we created this special offer? Like most businesses, with the end of the financial year fast approaching, our team likes to meet and beat its numbers as well – we’re human too! This means we’ve gone out of our way to provide extra value to our customers at this crucial time of the year. It’s a win-win situation – when you win, then we get rewarded as well.

But there’s no time to waste!

With the end of the financial year just around the corner, there’s no time to waste if you’ve been thinking about investing in an accommodation unit. As mentioned, we only have a few units left in stock!

If you want to secure one of these remaining units, give us a call ASAP so we can reserve one for you. All you’ll need is a deposit and we can then provide you with an invoice before the 30th of June that you can take to your accountant. We can work out the rest of the details when we have a chat about your needs.