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Category Archives: News

Enhanced Asset Write-Offs Announced in the Federal Budget 2020

October 16, 2020

The expanded asset write-off scheme announced in the budget is set to be a game changer in driving value from investing in plant and equipment.

The Benefits

When investing in equipment after the 6th of October and before the 30th of June 2022, eligible businesses will be able to:

  • Write off the full cost of new eligible depreciating assets of any value.
  • Claim the full cost of improvements to existing assets.
  • Instantly deduct the full cost of second-hand assets (must be purchased before 31st December 2020).
  • Deduct the balance of the simplified depreciation pool at the end of the income year.

How Linx Can Help You

Despite the benefits of investing, many businesses will have difficulty securing funding due to highly disrupted lenders.
We are proud to have helped our customers overcome COVID-19 disruption. Since April 2020, we have helped to invest more than $165 million for additional plant and equipment, including:

  • Assets ranging from IT equipment through to prime movers.
  • Assets aged from new through to as old as 30 years.
  • Working with businesses ranging from new start-ups to large corporates, operating across all industries.

At Linx, we have kept our full staff roster on, enabling us to continue delivering quickly and efficiently. We will continue to be here for our customers and get the job done.
Always talk to your accountant/tax advisor about what the enhanced allowances mean for you.

Stay up to date with updates and developments on the ATO website.
Find out more at https://budget.gov.au/2020-21/content/covid-19.htm#eleven

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Achieve Financial Sustainability During Ongoing Uncertainty

September 18, 2020

Recent developments in Australia – and even New Zealand – have demonstrated that COVID-19 is going to be with us for quite a while yet. The businesses who survive, and come out the other end ready to accelerate, will do so because they were financially sustainable. But just how do you achieve financial sustainability? Let’s […]

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Understanding the Details of the Instant Asset Write-Off Scheme

May 26, 2020

In last month’s instant asset write-off article, we outlined the instant asset write-off tax concession for businesses, with particular reference to the new provisions introduced by the Government in March 2020 in response to the economic impact of COVID-19. In simple terms, it means that businesses with an annual turnover of less than $500 million are able […]

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How SMBs Can Plan For Riding Out The COVID-19 Pandemic

May 4, 2020

Australian business owners have a triple whammy to deal with as a result of coronavirus: they need to consider their personal health and well-being, the health and safety of their employees, and ensure that their business survives the economic upheaval caused by coronavirus. As usual, one of the best ways to overcome business problems is […]

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Coronavirus Stimulus Package

March 29, 2020
Coronavirus Stimulus Package

Over the past few weeks, the COVID-19 Pandemic has created major disruption to our wellbeing, businesses and ways of life.  To help Australians get through the impacts of COVID-19, the Government has put a range of measures in place. Here is a summary of the key measures and how they could help: The Instant Asset […]

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COVID-19 Update – Business as Usual

March 25, 2020

We’re open for business and we’re here to help. In these unprecedented times, it’s more important than ever that you get the support you need and we’re here to make sure you get the best possible financial support and the best possible outcome for your business.

In support of the Government recommendations, we are restricting face-to-face contact until further notice, but as always we’re available to talk 24/7 to help you keep your business running.

Please contact your broker directly for any assistance you may need. You can find their details on our People page.

For information regarding Government Stimulus Packages, please refer to our blog post.

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Sustainable finance for the construction industry

January 10, 2020
Sustainable Finance for SMEs in the Construction Industry

The United Nations Environment Program has reported that the building and construction industry use 40-50% of all global energy use and 40% of global raw materials. It also accounts for 40% of solid waste and greenhouse gas emissions. More and more SMEs are looking to help improve this with sustainable finance.

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Helping Those in Need

January 3, 2020
Linx Australia Group - Helping Those in Need

Linx Australia Group are committed to being a responsible business that gives back to the community. We are honoured to start the year by working with charitable associations such as Drought Angels and St Vincent de Paul (in collaboration with Mr. Hudson) to help those less fortunate. We are also here for customers, should you require any assistance.

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October Economic Update

October 4, 2019
October Economic Update

Economics is an occupation with no shortage of data. One piece of data economists watch is the participation rate (the number of people who either have a job, or are looking for one). Economists watch this data for both demand and supply reasons.

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