It’s a struggle for small business owners with the high cost of manufacturing and labour.
The continued increase in cost to business with labour, energy and a volatile Australian dollar all have an impact on cost of goods and services. The small business owner is even more impacted by these variables and can benefit from immediate deductions of up to $30,000.
The price-conscious consumer is now more educated than ever with access to worldwide prices on their smart phone, but they are often unaware that local warranty, technical support and parts availability may not apply.
“When the consumer compares prices, they do not always look at the overall package and total cost of ownership and operation. Sometimes purchase decisions are made purely on price and not on the total cost of ownership,” says Jason Martin, segment manager, Energy Power Systems Australia.
“As the end of the financial year approaches, this is your best time to buy a standby generator or industrial engine for your business. Current stock levels on both product lines are very good,” Martin adds.
If a business has a turnover less than $10 million, it can instantly claim the business portion of most depreciating assets that cost less than $30,000 each.
This deduction can be claimed through a tax return, in the year the asset was first bought, used or installed ready for use – so businesses need to act quickly to make this financial year.
Visit the EPSA website to see its range of new CAT generators, CAT engines and used CAT power systems.