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How to Keep Warm on the Jobsite

Winter is coming. Mornings are going to be bloody cold. Which begs the question - what’s the best way to keep warm on a frosty jobsite in the middle of an Aussie winter?  

Layer Up

This is probably one you know from scouts or when you’re camping. Layering equals max comfort and flexibility. 

Great thing about layering is as the day warms up, or you work up a sweat on the tools, you can remove a layer. 

In the bitter cold - yep, looking at you Victorians, Canberrians, and Tasmanians - that might mean thermal bottoms and top, your workwear on top of that, and a fleece and/or jacket to finish it off. Don’t forget the beanie, thick wool or bamboo socks, and gloves. 

Invest in a Heated Jacket

These things are seriously cool. Basically a quality jacket with heating elements built in, that runs off a 12V battery. 

Tax-Time 2020

Tax-Time 2020

TRADIE TAX TIME 2020

On 12 March 2020, the Australian Government released an Economic Stimulus Package in response to the Coronavirus (COVID-19). This package will be effective from 12 March 2020 to 30 June 2020.

So what does this mean for you & your business?  

Below is a summary of the tax incentives the Government has implemented: 

Instant Asset Write Off Increased 

• The instant asset write off will be increased from $30,000 to $150,000 for businesses with an aggregated annual turnover of less than $500 million (from $50 million).

• The threshold will revert back to $1,000 for small businesses (turnover less than $10 million) from 1 July 2020.

Items that can be claimed are the following:

  1. Drills
  2. Power Tool Kits 
  3. Ladders and Scaffolds
  4. Toolboxes
  5. Tool Kits
  6. Pressure Cleaners
  7. Nail Guns
  8. Grinders


Backing Business Investment

  • The Government is introducing a 15 month investment incentive (through to 30 June 2021) by accelerating depreciation deductions.
  • Businesses with an aggregated annual turnover of less than $500 million will be able to deduct 50% of the cost of an eligible asset upon installation – provided it was acquired after 12 March 2020 & first used or installed by 30 June 2021.

Boosting Cashflow for Businesses

  •  The government will provide up to $25,000 back (with a minimum payment of $2,000) to eligible small to medium size businesses that:
  1. Have an aggregated annual turnover of less than $50 million; & 
  2. Employ staff between 1 January 2020 & 30 June 2020.  

Supporting Apprentices & Employees

  • Eligible employers can apply for a wage subsidy of 50% of apprentice’s or trainee’s wage for up to 9 months from 1 January to 30 September 2020, up to $21,000 per apprentice.

Along with the above Government assistance, Tools Warehouse can assist you &/or your business with:

  • All your Power Tools, Hand Tools & Machinery needs
  • Australia’s largest one stop tool shop offering the following range of BUY NOW PAY LATER payment methods:
  1. AfterPay
  2. Zip Money
  3. Humm
  4. LatitudePay
  5. OpenPay
  6. LayBuy 
  7. Paypal

For further information about the Economic Stimulus Package, please refer to https://treasury.gov.au/sites/default/files/2020-03/Overview-Economic_Response_to_the_Coronavirus.pdf or consult with your Registered Tax Agent/Accountant.

Need some help in knowing what is deductible for you &/or your business. We have gathered some handy links below:


ATO

  •  https://www.ato.gov.au/General/Tradies---be-certain-about-what-you-can-claim/ 
  • https://www.ato.gov.au/Individuals/Income-&-deductions/Deductions-you-can-claim/Clothing,-laundry-&-dry-cleaning-expenses/#Protectiveclothing1


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