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  • Writer's pictureAshley Van Rosmalen

2023 Instant Asset Write-off: Prepare for the End of Financial Year

If you're a business owner planning to take advantage of the instant asset write-off incentive by purchasing an asset before the end of the financial year, working with a finance broker can be a crucial step in the process. At F&I Partners, we specialise in business finance and have helped countless customers purchase assets such as vehicles, trucks, machinery, and equipment prior to the end of the financial year.

Eligible businesses can claim an immediate deduction for the business portion of multiple assets less than the relevant threshold & on new or second-hand sales. If you want to know if your business is eligible, check out the ATO Guidelines for instant asset write-off.

New business car for the instant asset write off incentive

As part of our business brokerage service, we can speak directly with your accountant to ensure that your loan is structured correctly. By taking care of this communication on your behalf, we can streamline the process and save you time and effort. We aim to be your trusted intermediary, working closely with your accountant to ensure that all the necessary paperwork is completed, increasing the chances of approval.

Navigating the loan application process can be time-consuming and complex, especially for business owners who are already juggling various responsibilities. With years of experience, we have streamlined the loan application process, saving you time and effort. Assisting you gathering the necessary documentation, completing the application forms accurately, and submitting the application on your behalf.

As the end of the financial year approaches, you may be considering taking advantage of the instant asset write-off incentives. Partnering with a finance broker can be a valuable asset for your business to ensure that you get it right. We have access to a wide range of lenders and can provide tailored solutions to suit your unique needs. Our expertise in business lending means that we can guide you through the loan application process and help you make the right loan choice for your next asset purchase. Don't just take our word for it, check out our Google reviews to see what our customers have to say about our services.

If you want to be prepared before the 2023 EOFY, contact us today to book a complimentary call to discuss your business loan options.


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