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Tax incentive makes good sense for small business

by FLIR on 22 Jul 2012
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FLIR Systems has welcomed the move by the Federal Government to allow small business to ‘write-down’ depreciating assets costing less than $6500.

The allowable figure of $6500 for ‘write-downs’ has been increased from $1000 and can be 100% written down in the year in which they were purchased.

'This is welcome news for the 2.7 million small business people in Australia,' said Roger Christiansz, Managing Director FLIR Systems Australia. 'Many FLIR thermal imaging cameras are priced well under $6500 and used by small business people in their workplace. These will now be able to fully depreciated in their first year,' he said.

'This will be a major incentive for small business such as self-employed electricians and plumbers to invest in thermal imaging technology and keep pace with changing customer demands for more efficient homes in terms of energy used and energy lost.'

Among other changes that will impact small businesses (turnover under $2M per annum) from 1 July 2012 include the introduction of simplified pooling rules for depreciating assets costing $6,500 or more.

To confirm your eligibility to qualify under the new ‘write-down’ rules, FLIR advises you check with your financial advisor.

About thermal imaging
Thermal imaging cameras produce images of invisible infrared or 'heat' radiation. Based on temperature differences between objects, thermal imaging produces a clear image. It is an excellent tool for predictive maintenance, building inspections, research & development and automation applications.

It can see in total darkness, in the darkest of nights, through fog, in the far distance, through smoke. It is also used for security and surveillance, maritime, automotive, firefighting and many other applications.

About FLIR Systems
Pioneers in all aspects of infrared technology, FLIR designs, manufactures, and supports thermal imaging systems and subsystems for industrial, scientific, government, commercial, and firefighting applications.

With a 40?year history of infrared innovation, 100,000 systems in use worldwide and development centres and sales offices in over 60 countries, FLIR is the world leader in thermal imaging technology.

More at www.flir.com
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