Meca Racking Solutions have announced that the government intentions to lift the global financial crisis, has offered Australian businesses the opportunity to purchase new equipment for their warehouse and receive a 10% tax investment allowance, in the form of a tax deduction. The new incentive creates an opportunity to assess the business supply chain management system and storage requirements.
The provision of the new incentive is to encourage business growth and the local economy in the current market. For businesses, this opportunity will be a short term allowance that is equal to 10% of the cost of an eligible asset and tangible to all depreciating assets and this includes most items for warehousing and equipment such as storage systems, and pallet racking to the value over $10,000 AUD, which are ordered and installed by the end of the current financial year.
The incentive will encourage Australian businesses to continue to expand and provide safer working environments and improvements to existing equipment and the implementation and use of new technologies.
Meca Racking Solutions provide a complete range of warehouse storage systems and equipment and racking safety equipment to ensure that the safe use of racking is maintained and provide cost effective solutions to protect against costly damages and repairs.