How the stimulus package can work for you
The instant asset write-off allows eligible businesses to purchase assets and claim a full tax deduction this financial year.
As an example, this means that if your business purchases $50,000 of Welding Helmets with PAPR's before June 30, 2020, and assuming you have a tax rate of 27.5%, you could save up to $13,750 in tax in this financial year*.
Essentially, the government’s stimulus package could be viewed as a 27.5% discount on your investment in powered air respiratory protection, if you act before June 30th 2020.
Protection from COVID-19 and carcinogenic welding fume
The range of 3M Speedglas powered air respirators not only help to protect welders from carcinogenic welding fume, they also offer protection against biological aerosols.
This means, if worn correctly, a welder wearing a powered air respirator will be getting a level of protection against the airborne transmission of the COVID-19 coronavirus. Two birds, one stone.
Have you have been considering upgrading to Powered Air Respiratory Protection?
With the instant asset write-off savings combined with the promotions your local distributors are currently running on 3M Speedglas Welding Helmets with Powered Air Respirators, now could be an ideal time to save money in the process of upgrading.
Introducing PAPR's to your business will aid in the protection against welding fume and help protect against the airborne transmission of the coronavirus. Keeping your welders safe could help to ensure your welding shop remains open and working at full capacity.
While we are indeed in uncertain times, the introduction of PAPR's to your workshop could help to give more certainty regarding welder safety and the business could save money in the process, if they move before June 30th 2020.
* Please seek tax advice to see if your business is eligible for significant tax savings
