Blog
Loans

Auto Financing For Personal or Business Use

Ausloans Australias premier online car broker. We make auto financing easy

 

 

Caravan and Camper Trailer Finance

Ausloans Australia's premier online caravan and camper trailer finance broker. We make caravan finance   easy

 

 

Caravan Loans

Caravan and Camper Trailer Finance

Ausloans Australia's premier online caravan and camper trailer finance broker. We make caravan finance   easy

 

 

Commercial loans

Caravan and Camper Trailer Finance

Ausloans Australia's premier online caravan and camper trailer finance broker. We make caravan finance   easy

 

 

Fuel your business growth 

Harness the power of Australia's largest independent finance aggregator.  Access multiple lenders and get all the tools and support you need  to grow your business.

 

Menu
Blog
Loans

Tax Relief: How Your Home Improvement Business Can Make the Most of It

by Piera Rossi, on Oct 12, 2020 10:07:04 AM

Blog-header -Tax Relief_ How Your Home Improvement Business Can Make the Most of It

With measures to stimulate building throughout the nation in a bid to produce work and enhance cashflows in the face of the pandemic, the Government allotted one billion dollars in low-cost financing to sustain the building and construction of affordable housing.

In this post, we explain how these announcements can positively impact your home improvement business and how we can help you cash-in by better servicing your customers.

How do these benefits help your home improvement business? 

HomeBuilder Scheme 

In a quote to incentivise activity, the 'HomeBuilder' plan supplies assistance to tradies and also small businesses by giving $25,000 grants for home renovations and new builds. 

The funding is available for single people with an annual income of as much as $125,000, and couples with a consolidated income of up to $200,000.

Australians were able to claim $25,000 from taxpayers to build a new house worth up to $750,000 or renovate an existing one valued between $750,000 and $1.5million.
 

According to the chief executive Denita Wawn, the scheme could ensure the viability of 368,000 small companies and independent tradies.

To check the official HomeBuilder overview, click here.

Tax exemption for granny flats

To boost the building and construction industry as well as provide safe accommodation for senior or disabled Australians, Treasury has revealed a capital gains tax exemption on granny flats.

Under the new initiative, which is expected to be applied as of July 1, 2021, CGT will not apply to formal granny flat arrangements giving accommodation to older Australians, or individuals with disabilities.

JobMaker Incentives 

The JobMaker hiring credit will indeed subsidise 50% of the salaries of new as well as old trainees. Additionally, construction business can get an extra $200 per new employee aged between 16 and 29 or $100 for those in between 30 and 35.

How your home improvement business can cash in from these measures?

With these actions in place, it is anticipated to see an increase in the activity of the building sector  and offering the right finance alternative can be a game-changer for your home improvement company.

As a business owner or business manager, one of your goals –if not your key objective– is to provide a service that is memorable to your client. Having a partnership with a reputable finance broker will certainly minimise the risk for you and your customers while building trust as well as customer loyalty.

How can Ausloans help you better service your customers at no cost?

While some customer finance options may charge monthly fees and or transaction fees, Ausloans Zink finance solution is free. Moreover, you have the bonus of earning extra income from referral commissions you receive every time a customer obtains finance through us.

Other benefits of using Ausloans Zink finance include:

  • Fast finance qualification and approval so sales can proceed quickly.
  • Seamless, online, paperless finance application process for your customers.
  • Professional brokerage staff to manage the entire loan process on your behalf.
  • Unparalleled marketing and resource support to help you promote your financed offers.

zink customer financing solutions for business

Topics:cashflowcorona virusPOS customer financingtaxes

Comments

About Ausloans Blog

Learn how to grow your business with consumer finance solutions your customers will love. More →

ausloans-customer-finance-solutions-for-tradies-and-business

Subscribe to Updates