On the Road to building an Empire, Investments are key.

HOW TO: Claim the most on eligible assets from a tax expert

July 10, 2022

Claim the most
on eligible assets from a tax expert
If you’re a small business owner planning to expand or purchase an asset, now could be a good time to do it – with the government providing a new tax scheme to help small businesses. Find out more about the temporary full expensing tax break for small business owners in the article below.
If it’s accessing funding that’s slowing your progress, we can help you apply for up to $500K with no repayments for the first 8 weeks*. Loans must be settled by 30 June 2022, plus the term will be extended and interest will accrue from settlement to the end of the term.
ARTICLE: How to claim eligible assets at tax time
From dates to caps and thresholds, a small business tax expert shares the simple facts about how to make the most of the temporary full expensing tax break for your business this EOFY.
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Get in touch and someone will call you back to answer any questions. If you wish to proceed, a dedicated loan consultant will guide you through the simple application.
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Business growth plans?
Make no repayments for the first 8 weeks on approved business loans*.
Empire Road Investments Pty Ltd
Things you should know: *No repayment period offer available to new and existing approved customers on a new or refinanced Prospa Small Business Loan or Prospa Plus Business Loan settled between 26 April and 30 June 2022 (inclusive). Approved customers can elect to take an optional initial no repayment period of between 1 to 8 weeks, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 8 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Offer only available to businesses established and operating in Australia. Offer not available to refinance an existing Prospa loan that is within a no repayment period at the time of application, or in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.