$20,000 Tax Break for Small Businesses extended to June 30 2018!

May 10, 2017

istock_000015273410largeSmall and medium businesses around the country have been given another 12 months to take advantage of the federal government’s $20,000 instant asset tax write-off scheme.

Small Business Minister Michael McCormack said on Tuesday evening the government is ‘backing’ small businesses by extending the popular scheme, which was first introduced in the 2015 federal budget.

So what exactly does this mean for your business? How can you take advantage of the scheme?

Here’s a summary of the key points from the sub-$20,000 instant asset write-off scheme.

What is the $20,000 tax break?

Small businesses can claim immediate tax deductions for as many sub-$20,000 (excluding GST) purchases they make until June 30, 2018, rather than having to claim those purchases as deductions spread over several years.

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

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New Mack Concrete Truck financed for ALS Trucking

Apr 12, 2017

QPF Director Ken Gordon with Alan of ALS Trucking

QPF Finance Broker and Director Ken Gordon recently assisted Alan and Leonie Steadman of ALS Trucking finance a new concrete truck.

Working as a concrete truck driver, Alan financed his first truck with QPF in 2014. continue reading »

One Up Bar and Bistro finance their new cafe equipment with QPF Finance broker Thomas Windle

Apr 10, 2017
A refreshing drink awaits you at One Up Bar and Bistro

A refreshing drink awaits you at One Up Bar and Bistro

What could be better than relaxing by the beach with a nice cold drink and some great food? Well, the team at One up Bar and Bistro are delivering the dream everyday at their Mooloolaba restaurant.

Focusing on using fresh locally sourced produce, One Up Bar and Bistro have created both a traditional and modern menu which features mouthwatering dishes such as, half shell scallops with prawn butter and crispy skin pork belly with Asian slaw. Check out their website for the full menu and location. continue reading »

A Mack Valueliner financed for Kisu Transport

Mar 23, 2017
Mack CH

1997 CH Mack Valueliner

QPF Broker Jordan Clements recently assisted family business, Kisu Transport finance a Mack Valueliner.

As a child Dan Skipper used to help out with his grandfather’s business, Kisu Transport by cleaning trucks and doing odd jobs. The business operated between 1971 and 2001, transporting furniture interstate on the East Coast of Australia. continue reading »

Two new trucks financed for Bell Trucking!

Mar 23, 2017

Truck image 2QPF Broker Jordan Clements recently assisted Corey Bell of Bell Trucking finance a new semi trailer and prime mover.

Mechanic by trade, Corey financed his first truck with QPF in 2015 while working with a friend operating a freight transport business. continue reading »

New Hardi Saritor sprayer financed for Kevandale farms

Mar 06, 2017
Hardi Saritor

Hardi Saritor

QPF Broker Callum Joynson recently assisted Lubin Stringer to finance his new Hardi Saritor.

Lubin, the second generation owner at Kevandale hopes the new Hardi Saritor sprayer will help with this year’s wheat crop. Based in Cootra, South Australia, Kevandale is a grain farm which also sells cattle. continue reading »

ATO plan may limit access to finance for Small Businesses

Feb 07, 2017

Turnbull and MorrisonPrime Minister Malcolm Turnbull and Treasurer Scott Morrison recently announced a plan that may impact the ability of small businesses to access loans and have their finance approved.

The midyear economic statement revealed that the tax office is owed some $13 billion by small businesses with a turnover of up to $2 million. continue reading »

New Hyundai i30 and vehicle wrap financed for 1300 4 Gardening

Jan 17, 2017
1300 4 Gardening with their new Hyundai i30!

1300 4 Gardening with their new Hyundai i30!

QPF Finance Broker Ian Scanes recently assisted Joel Farmer of 1300 4 Gardening to finance his new company car complete with a digitally printed vehicle wrap.

1300 4 Gardening was established in 1999, and the company offers complete gardening services throughout South East Queensland, the Gold Coast, Sunshine Coast and Cairns. continue reading »

Bark Control finance new Ford Wildtrak Ute

Jan 11, 2017
New Ford Wildtrak Ute

New Ford Wildtrak Ute

QPF Finance Toowoomba Director, Ken Gordon, recently assisted Neil Smith of Bark Control to finance a new Ford Wildtrak Ute.

Bark Control is an Australian family business who specialise in selling canine control products such as containment fences and bark collars to fix dog behaviour issues. They not only sell the products but with Neil’s experience, they are able to provide expert advice both before and after sales to ensure the best possible results in solving dog behaviour problems!

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Pearce Crane Hire finance a 2008 Mobile Hydraulic Crane

Jan 10, 2017
2008 XCMG QY 50 Tonne Mobile Hydraulic Crane

2008 XCMG QY 50 Tonne Mobile Hydraulic Crane

QPF Finance Toowoomba Director Ken Gordon assisted Pearce Crane Hire to finance a late model, well-maintained crane to expand their fleet.

Pearce Crane Hire & Carrying has been operating for over 40 years and is a family run business based in Pittsworth. QPF Broker Ken Gordon has been working with the team for more than 15 years, assisting them to build up their fleet.
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