Investing in Signage Makes Sense
Bravo! It’s 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 with ATO tax breaks.
Whether it’s a refresh of your current static signs, an upgrade of older digital signage or an investment in new digital technology, 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 a signage upgrade or overhaul.
The good news is that signage – whether digital or normal static signage – is 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 pylons, wayfinding signage, digital screens or video walls. It also includes new and second-hand assets.*
This means that your next $5,000, $20,000, $50,000, $150,000 or $500,000 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. Consult with your Accountant to ensure you are eligible for the scheme.
What Signage Options are Eligible?
There’s no doubt that good signage will help sell and promote your brand, business and products. For instance, some popular static and digital signage applications include:-
- Poster and digital displays in retail – shops, cafes, restaurants, surgeries or transport venues;
- Touchscreen ordering kiosks – find in fast food outlets, retail, cinemas, etc;
- Illuminated 3D letters – turn a building sign into a 24/7 advertising tool;
- Pylons, totems and monolith signage outside a business or sports centre – display daily specials, product promotions, venue information;
- Venue check-in digital display screens and kiosks – ideal for hotels, conferences, events, displays, airports;
- Safety signage inductions or training videos for OSHE/event check-ins;
- Billboards – large scale static or digital OOH billboards on roadsides, retail centres, large transport hubs;
- Sales tools – posters, wallpaper, directional signage, digital 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.
Why Invest Now?
With 12 months to run on this Instant Asset Write-off Scheme now is the time for action. Major signage and rebranding projects can be complex and involve time.
Start the conversation today. Let us guide you through the process. For a large scale signage projects involving a significant investment our team will thoroughly plan the approach – using the best technology and a professional methodology. However his takes time! So the time is NOW!
Most importantly 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!
Make the Most of this Opportunity – Talk to our Team
The Signs & Lines team will give you a non-biased recommendations and gear your signage to the future. Importantly we are a creative hub – geared to design a solution 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! So speak up now about your next project or idea.
T + 61 8 9274 5151
Signs & Lines/Yap!digital, 5 Meliador Way, Midvale, WA 6056
*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.
