As part of the response to the current economic climate the New Zealand Government threshold for low value asset write-off has increased from $500 to $5,000 (as of March 17th, 2020). This means assets purchased after this date are able to be included if they meet criteria. As a result Kiwi businesses who are looking to upgrade some key items to their business are able to take part in this scheme. This opportunity is until March 17th, 2021 (when the threshold will revert down to $1,000).
This comes at a time when many businesses may be investing in technology assets to ensure that employees can continue to work from home if needed. The existing tax rule allows an immediate deduction for assets up to a value of $500; noting that there are some caveats to this rule which we expect will also apply to the new $5,000 threshold:
Now is the best time to take advantage of this opportunity and start saving money in your business straight away.
At Fuelchief we stock a variety of bulk fuel storage tanks that are under the threshold such as our very popular Ute tanks and AdBlue tanks. If you are looking for an even longer-term investment and have the ability to opt for finance, or have the funds now, why not invest in an on-site fuelling system. These turn-key solutions are ideal in saving you money, but also providing a return on your investment in just a few months after they are functional on your premises.
Check out our case studies to see what other people are saying. The DC Series have been saving our customers time, money and labour for over two years now.
To see how much you could save, just like our customers, check out our tank savings calculator.
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Below are some of our range under $5,000
Utecube Express 250L is a mid-size fuelling solution for the serious user. Big machines needing longer run times, therefore the Utecube Express 250L is a must to keep you moving.
Utecube Express 400L is a sought-after tank for businesses who need fuel fast. Remaining compact the Utecube still remains snugly fit in between the wheel arches of most common utes and offers good visibility through the rear window to ensure peace of mind.
Utecube Express 600L is for the serious user. Big machines needing longer run times, therefore the Fuelchief Utecube Express 600L is your go to when it comes to minimising down-time.
The Fuelchief Fortis 200L tank range combines strength and security when it comes to its fuel storage capacity. Made from industrial materials, this user-friendly tank is perfect for your diesel fuel storage requirements.
The Fuelchief Fortis 400L tank range combines strength and security when it comes to its fuel storage capacity. Made from industrial materials, this user-friendly tank is perfect for your diesel fuel storage requirements.
The Fuelchief Blue AdBlue tank range combines strength and security when it comes to its fuel storage capacity. Made from industrial materials and user-friendly tank for your fuel storage requirements.
The Fuelchief Blue tank range combines strength and security when it comes to its fuel storage capacity. Our 400L model is popular with a host of industries.
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