Pirotta Services

Instant Asset Write-Off for Improving Your Office Fitouts

June 13, 2020 Blog

There has never been a better time to look at a fresh office fitout and saving money, with increased taxation benefits.

Put in place to help business owners cope with the COVID-19 pandemic, the expanded instant asset write-off assistance scheme increases the purchase threshold to $150,000. The scheme also extends to businesses with a turnover cap of $500 million where it was previously just $50 million. 

The eligibility time frame covers assets that are purchased and are ready to use between 12 March and 30 June 2020. With these measures, now is the perfect time to improve your office fitouts in Melbourne. Renovating your workplace can allow you to save up to 27.5% on tax bills by the end of the fiscal year. You can discuss with your accountant or tax agent how you can use the instant asset write-off scheme for your specific situation.

The instant write-off scheme will help an estimated 3.5 million Australian businesses to improve cash flow whilst also supporting their planned investments, such as new workstations in their offices. Here at Pirotta Services, we can help you get the right style and strike the right balance in your office interiors. We also offer options tailored to cope with COVID-19 concerns, with our HyGenie™ Pods designed for effective social distancing especially in medical office fitouts. 

Investing in a fresh office fitout is a smart move that can benefit you even years down the line. When done properly such a move can provide your staff with a good, safe and secure working environment that will last for a long time. Having an appealing workplace set-up also helps boost their motivation as well as productivity. 

Get started on your construction projects now!

Pirotta Services Commercial specialises in various property services in Melbourne, such as office fitouts and building maintenance. For the past three decades, we have been delivering a high standard of quality and uncompromising focus on project delivery. 

Rest assured that to prepare for working on projects during the COVID-19 pandemic, we at Pirotta Services have put certain measures in place to guarantee the health and safety of our staff. 

To find out more about how we can help you with your construction needs, call us on (03) 9363 6176 today. 

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