Claim your $20,000 small business tax write-off!
Did you know the $20,000 Tax Write-Off is still applicable to all Small Australian Businesses in 2016?
This means your business could be able to claim a number of Tax deductions on physical items purchased under $20,000.*
Now is the perfect time to invest money in your business and have the opportunity to reclaim the expenses in a few months time when lodging your Tax Statements. Naritas in conjunction with its lending partners Capify & KeyFactors can assist in funding the items you need and help you to take an advantage over your competitors.
Items you can purchase now to grow your business:
- Tools, machinery & equipment
- Shop/office signage
- Work vehicles
- Computing & IT
- Office furniture
Although small businesses make up a vital part of the economy, even the most successful SME can struggle to be accepted for the loans they require to grow, thrive and succeed.
Are you avoiding the lending process?
Is there something putting you off the lending process? If you’re worried about risk-based interest that could take a turn at any time or you’re worried about linking your property to your business, it’s time to take a look at factoring or an unsecured business loan.
If you were looking for unsecured funding, Naritas and Capify can provide:
- An obligation-free quote
- Funds for any business purpose
- From $5,000 to $400,000 in UNSECURED funding
- Flexible repayment options
Do you have large invoices outstanding with your debtors that are slowing your corporate growth down?
Whether you’re an experienced borrower or it’s your first time looking into financial help, factoring could be the answer for your business. Half of the battle for a growing business is their ability to keep up with demands without a constant cash flow. Factoring provides exactly that, it allows you to release cash tied up in unpaid invoices. Therefore, you are only accessing money that is owed to you. There is also a high level of flexibility when it comes to factoring.
Take a look at this recent facility funded by KeyFactors:
Annual Turnover: $5,000,000.00
Facility Limit: $200,000.00
ABC Pty Ltd is a family owned business with over 80 years of experience in the manufacturing industry. Their ability to service a wide range of clients with an array of products has allowed them to maintain a comprehensive customer base for three generations. As the new generation re-shapes the company’s focus their ability to satisfy a continual stream of work is inhibited by lengthy trading terms which has restricted their increasing customer base.
With an existing overdraft from one of the big four banks already accounting for a portion of their lending portfolio. They were looking for an alternative source of funds without having to increase their exposure to the bank, which required additional security over the director’s homes. A factoring facility was able to assist in conjunction with the bank and enable the organic growth of their business to continue.
With no lock in contracts or minimum spends, ABC Pty Ltd had the freedom to use their facility as the need for additional capital increased. Invoice finance has made available new opportunities for growth that didn’t exist under conventional lending agreements. While maintaining a close relationship with the bank and satisfying their existing obligations they were able to focus on providing the best service to their customers.
Whether you don’t have time to wait for loan approval, your bank has offered you a loan but it is too small, or you simply have a low commercial credit rating, we have an option to suit you. With fast approval and a strong customer focus, funding from a non-bank lender could be the path to growth you’re looking for.
*Terms & conditions may apply, please consult the ATO or your accountant for more details.