VIRUS: Currie Group has sub-$150,000 solutions

Currie Group managing director Bernie Robinson says the company has a host of Horizon finishing, Foliant laminating and Cron CTP systems all available for less than the new $150,000 instant asset write down limit brought in to help business through the virus.

 

Robinson said, The new $150,000 limit is a great scheme. It will enable print businesses to invest in advanced production equipment, and write the entire amount off against this year's profit."

In practice this means if a print business has a $150,000 profit for the year, and invests $150,000 in new, or used, production equipment then they effectively save about $42,000, which they would have paid in tax. Robinson added, “Whilst we don’t offer tax advice, we do recommend seeking an accountant’s advice.”

The $150,000 instant asset write down is part of the government's assistance package to help businesses, and now applies to all companies with a turnover up to $500m, ten times more than the previous allowance, to help them work through the impact of the coronavirus. The $150,000 is five times more than the previous limit.

Robinson said, “the scheme though only runs until June 30, the equipment has to be installed by then. Currie Group has no issues with supply, we are able to meet all requirements.”

Currie Group is the industry's biggest supplier of finishing equipment with its Horizon range. Robinson said, “The full range is available, which includes the Horizon perfect binding systems BQ-270 PVA, BQ-280 PUR, and the BQ-470 four clamp EVA/PUR.

“It also includes the CRF-362 creaser folder, the HT-30C three knife trimmer, the RD-4055 rotary die-cutter, and the SmartSlitter.

“In addition, many finishing packages come in at under the $150,000 marker, including our most popular package – the VAC-1000 collator with the SPF-200L landscape stitch, fold trim system.”

The Horizon finishing equipment is designed to finish work printed on HP Indigo, other digital presses, and conventional offset presses, “We don't discriminate”, Robinson quipped.

The new instant asset write-down scheme also extends to pre-owned equipment, of which Currie Group has a selection, Robinson said, “Talk to us, there are some great solutions available.”

In addition to the finishing equipment Cron CTP systems supplied by Currie Group also fall under the $150,000 level, including the A2 Cron TP-36, and the Cron TP-26, sized for the MO type presses with a 660x550mm plate.

Robinson said, “The Foliant laminating systems are also able to be purchased as part of the scheme. These are high-quality well built systems that enable printers to have first rate laminating in-house.”

Click here for more information.