If you’re a tradesperson, manufacturing manager, or purchasing officer considering investing in an air compressor, now is the perfect time to take advantage of the significant tax benefits before June 30th. From July 1, 2023, to June 30, 2024, small businesses can immediately deduct the total cost of eligible depreciating assets costing less than $20,000. You can claim a tax deduction for these assets in the same income year you purchase and use (or install) them.

The immediate deduction policy allows businesses to reduce their taxable income by deducting the total cost of eligible assets. This can translate to substantial tax savings and improved cash flow for tradespeople and manufacturing businesses. An air compressor, an essential tool in many trades, is a perfect example of an eligible asset that can be claimed.

The asset must be a depreciating one, costing less than $20,000. This includes air compressors used in various trades and manufacturing processes. The asset must be purchased, used, or installed ready for use between July 1, 2023, and June 30, 2024. The deduction applies per asset. Therefore, if you purchase multiple air compressors, each costing under $20,000, you can claim the immediate deduction for each one.

For electricians, plumbers, mechanics, other trades, and businesses that rely on reliable air compressors, Pilot Air has been delivering Australian-made rotary screw, reciprocating, silent, oil-free and portable air compressors, including the highly sought-after tall boy for tradies for over 20 years.

By purchasing now, not only do you get to upgrade or expand your tools, but you also gain significant tax benefits. The immediate deduction can reduce your taxable income, resulting in lower taxes owed for the year. This can also free up funds for other investments or business needs.

Timing your asset purchases to coincide with tax benefits is a strategic decision. Securing air compressor assets before June 30th will equip your business with the necessary tools and optimise tax outcomes.

Determine the specifications and number of air compressors required for your operations.
Talk to your accountant or tax professional to confirm eligibility and ensure you’re fully informed about the immediate deduction rules. Talk to us to ensure the air compressors are fit for purpose for your needs and can be purchased and installed ready for use by June 30, 2024, to qualify for the deduction.

Don’t miss this opportunity to maximise your tax benefits by purchasing an air compressor before the June 30th deadline.

At Pilot Air, we offer a full range of rotary screw, reciprocating, silent, oil-free, and portable air compressors engineered for Australian conditions. Our air compressors are backed by a professional team, the latest technology, and superior service. Whether you need a robust solution for demanding manufacturing processes or a versatile tool for trade applications, Pilot Air has the perfect compressor to meet your needs. Contact us today to explore our range and find the ideal air compressor for your business.

From the initial consultation to the finished installation, our team is on hand to attend to every detail. You deal with the same person from start to completion, and our account managers and sales team are some of the most experienced and trusted in the industry.

See our complete Australian manufactured range of compressed air systems and products and speak to one of our experienced team to customise a silent compressed air solution to meet the needs of today and the demands of tomorrow.