
02 Jun TAX BREAKS FOR DIGITAL SIGNAGE – ACT NOW!
Investing NOW in Digital Signage Makes Sense
It has never been a better time to take advantage of the governments Instant Asset Write-off Scheme here in Australia. Whilst the Covid-19 pandemic has hit hard, there are some very attractive reasons to upgrade or replace your existing signage.
Whether older technology digital signage to newer formats, or traditional static signage to digital, the time is NOW!
Instant Asset Write Off Scheme
The Australian Federal Government’s instant asset write-off threshold scheme has been extended until June 2022. With just over a year to go, there’s never been a better time to invest in digital signage.
The good news is that signage whether digital or normal signage eg. kiosks, digital displays or standalone digital advertising panels are considered a depreciable asset by the ATO.*
In regards to the 2020-21 budget measure (which has now passed and is law) eligible businesses in Australia, with an aggregated turnover of less than $5 billion, can deduct the full cost of a new eligible depreciable asset that is first held, and first used or installed ready for use for a taxable purpose between now and 30th June 2022.*
From 6 October 2020 until 30 June 2022 an eligible business can write off an unlimited value for eligible asset investments. This includes multiple assets ie multiple digital screens or pylons. It also includes new and second-hand assets.*
This means that your next $50,000, $150,000 or $500,000 digital sign project qualifies in full for the instant asset write-off threshold scheme – providing eligibility criteria has been met.*
For more information and to check your eligibility visit the ATO website here.
Why Invest Now?
With 12 months to run on this Instant Asset Write-off Scheme now is the time for action. Digital signage project can be complex and involve time.
Start the conversation today. Let us guide you through the process. For a digital signage project involving a significant investment our team will thoroughly plan the approach – using the best technology and a professional methodology. This takes time!
We value a well thought out project and we know you do too. Let our team’s turnkey approach allow you peace of mind, with substantial financial benefits!
What Digital Signage Options are Eligible?
Use digital signage to help sell and promote your brand, business and products. Some popular applications include:-
- digital displays in retail – shops, cafes, restaurants, surgeries or transport venues;
- touchscreen ordering kiosks – find in fast food outlets, retail, cinemas, etc;
- pylon digital displays outside a business or sports centre – display daily specials, product promotions, venue information;
- venue check-in – ideal for hotels, conferences, events, displays, airports;
- safety inductions or training videos for OSHE/event check-ins;
- billboards – large scale OOH billboards on roadsides, retail centres, large transport hubs;
- sales tools – map tables or video walls – interactive or not;
- display suites – co-ordinated information on multiple digital assets.
The options are endless!
Enquire now! Simply call, email or book a demonstration and one of our experienced representatives with be happy to be of assistance.
Make the Most of this Opportunity
The Yap!digital team will give you a non-biased recommendations and gear your signage to the future. We are not affiliated to any brands which gives us maximum flexibility to design a solution based on the technology that fits your requirements the best.
We will bring you our experience of static and digital signage solutions to ensure that you make the most of the government’s Instant Asset Write-off Scheme and your customers have an outstanding experience next time they visit.
We’re ready to start talking! Speak up now about your next project or idea.
T + 61 8 9274 5151
M 0407 775031
Signs & Lines/Yap!digital, 5 Meliador Way, Midvale, WA 6056
*DISCLAIMER: This information is not tax advice. Whilst this information has been prepared by an accountant, please check with your own accountant to determine your eligibility criteria.
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