News & Events
Pattos Anniversaries
Publish Date - 19/03/2020
Pattos Anniversaries
Congratulations to all on achieving these milestones!
Sales Championship
Publish Date - 19/03/2020
Sales Championship
Last month we celebrated our Sales Champions of 2019.
International Women's Day
Publish Date - 19/03/2020
International Women's Day
The PCT Managers presented the females at PCT, PC Support centre, PC Distribution Centre and the PC Customer Relations Centre with a plant in recognition of International Women's Day last week.
Instant Tax Write-Off
THE GOVERNMENT’S ‘INSTANT ASSET WRITE-OFF’ CHANGES EXPLAINED
In case you’re not yet aware, the Australian Government has announced a new Economic Stimulus Package for businesses to assist with the purchase of assets.
WHAT’S IN THE STIMULUS PACKAGE?
1. Instant Asset Write-Off
Immediate tax write-off of a new or second-hand asset up to the value of $150,000 (previously $30,000) if the asset is installed and ready for use by 30 June 2020.
However, current Australian taxation legislation provides that the depreciation limit for a motor vehicle defined as a car* is up to $57,581.
*The depreciation car limit applies to a vehicle classified as a ‘car’ (a vehicle designed to carry a load of less than 1 tonne and fewer than 9 passengers) in the tax legislation.
2. Backing Business Investment
Immediate 50% tax write-off of a new asset of unlimited value, purchased and delivered between 1 July 2020 to 30 June 2021, with existing depreciation rules for the balance of the asset value.
For example, this means that cars below $57,581; like Yaris, Corolla, Camry, C-HR & RAV4 may be eligible for a 100% Instant Asset Write-Off if delivered by 1 July 2020. Vehicles above 1 tonne carrying capacity, may be eligible for a 100% write-off up to $150,000.
Please note this example is provided for explanatory purposes only, and should not be relied upon as tax advice.
WHAT DOES AN ‘INSTANT ASSET WRITE-OFF’ ACTUALLY MEAN?
As a business owner, you can potentially take advantage of this scheme to upgrade your business vehicle by immediately writing off depreciable assets that cost less than $150,000. Vehicles are amongst the eligible assets. This circumvents you having to write-off the asset partially every year, in accordance with its variable depreciation rates.
Due to the recent COVID-19 pandemic, the Australian Government decided to increase the eligibility criteria for the scheme:
- Increasing the purchase threshold to $150,000
- Extending to businesses with a turnover of up to $500 million (previously $50 million)
- Bringing forward the eligibility timeframe to cover assets that are purchased and ready to use between 12 March and 30 June 2020
CLICK HERE TO READ THE FULL AUSTRALIAN GOVERNMENT ANNOUNCEMENT
Mercedes Benz Berwick Dealer of the Year 2019
Publish Date - 10/03/2020
Mercedes Benz Berwick Dealer of the Year 2019
It is a great honour and privilege to announce that Mercedes-Benz Berwick has been awarded 2019 Metropolitan Retailer of the Year, for the 6th time in 7 years.
Dealer Excellence Award for Patterson Cheney Isuzu
Publish Date - 06/11/2019
Dealer Excellence Award for Patterson Cheney Isuzu
Patterson Cheney Trucks is one of just nine Isuzu Dealers nationwide to have been awarded the status of excellence through the Isuzu 2018 Dealer Excellence Program.
Leaders Day
Publish Date - 04/10/2019
Leaders Day
On 7th October we hosted our 3rd annual PCCT Leaders Day, this year themed 'Vitality'.
PCCT supports Guide Dogs Victoria
Publish Date - 04/11/2019
PCCT supports Guide Dogs Victoria
The team at PC Holden had the pleasure of meeting some delightful ambassador guide dogs, following a recent visit from Guide Dogs Victoria.
Mercedes Benz Berwick Dealer of the Year
Publish Date - 24/10/2019
Mercedes Benz Berwick Dealer of the Year
It is a great honour and privilege to announce that Mercedes-Benz Berwick has been awarded 2018 Metropolitan Retailer of the Year, for the 5th time in 6 years.
2019 Mercedes-Benz Berwick Cycling Challenge
Publish Date - 08/07/2019
Mercedes-Benz Berwick is excited to present the ‘all-new’ 8th annual Mercedes-Benz Berwick Cycling Challenge.
This year we will launch a number of ‘all-new’ elements to the event including: