KOR says it’s time to increase cashflow
Under the guidance and advice from the Australian Taxation Office (ATO), KOR Equipment Solutions’ Chief Financial Officer and General Manager Sean Roberts breaks down the incentive presented to small businessesKOR is a national business supporting contractors through the provision of industrial vacuum trucks, combination sewer and drain cleaning trucks for the waste, environmental, mining, civil and industrial sectors. Mr Roberts says although times have been tough of late for contractors across various industries, now is the time to seriously look acquiring new equipment.
“The ATO Temporary Full Expending is the government’s response to COVID-19, it provides a rare and unique opportunity on eligible assets purchased between now and 30 June 2022. The full cost of the asset will be deducted from company profits,” says Mr Roberts.
“For example, if you acquire a new or used unit for $660,000 you will receive 25 per cent back in short term tax relief that equals to $165,000 in boosted cash flow when you lodge your income tax return.”
To complement the Temporary Full Expenses, there are additional and fundamental reasons why KOR believes there is no better opportunity to capitalise on this once in a lifetime government incentive where you can upgrade or grow your fleet.
The government’s spending response to COVID-19 has injected significant supply into infrastructure improvement and new project sectors, while the fast tracking of major projects has resulted in an oversupply of work.
“We believe if you have the equipment and operators there is an abundance of opportunities out there,” says Mr Roberts.
By contacting KOR, customers can work with the exclusive distributor of Cappellotto - Europe’s largest manufacturer of drain and sewer cleaning units, as well as industrial vacuum trucks in Australia. With KOR being a dedicated Cappellotto specialist, the company can assist in the procurement process while also providing ongoing support for the lifetime of each unit.
This includes industrial vacuum trucks, combination jetting and vacuum units used for the vacuum loading of sewage and drainage waste, cement, stone, rock, soil, sludge etc. A high pressure water system is also provided on KOR units and is used for drain cleaning and hydro excavation in Australia and New Zealand.
KOR is focused on creating long term customer value through the importation of pioneering global technologies that is supported by a range of service offerings underpinned by a culture of excellence and safety.
For more information call 1300 567 784 or sales@kor.com.au or find the company on social media @kor.equipment.solutions
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