The following article is general in nature. ProWay recommend seeking independent professional tax and accounting advice. 

If you’re a sheep producer, you’re likely always looking for ways to improve your operation’s efficiency and productivity. The recent extension of the instant asset write-off until 2025 offers a unique opportunity to invest in top-of-the-line equipment, such as ProWay’s Sheep Bulk Handler, while taking advantage of significant tax benefits.

What is the Instant Asset Write-Off?

The instant asset write-off is a tax incentive that allows eligible businesses to immediately deduct the cost of eligible assets, rather than depreciating them over several years. This extension until June 30, 2025, means businesses have more time to plan their investments and take full advantage of this opportunity. The current threshold allows for the instant write-off of assets costing up to $20,000, making it particularly beneficial for agricultural businesses looking to upgrade their equipment.

Why the Sheep Bulk Handler is a Smart Investment

ProWay’s Sheep Bulk Handler is specifically designed to revolutionize sheep handling in medium to large-scale operations. With its innovative design, the Bulk Handler allows for the simultaneous processing of multiple sheep, enabling faster and more efficient completion of essential tasks like weighing, drafting, and health treatments.

The key features of the Sheep Bulk Handler include:

• High Capacity Handling: The ability to handle multiple sheep at once significantly reduces handling time and labor requirements, allowing you to process larger volumes of sheep more efficiently.
• Animal Welfare Focus: The ergonomic design ensures minimal stress on the sheep, reducing the risk of injury and improving overall animal welfare.
• Operator Safety: The handler’s design also prioritizes the safety and comfort of the operator, reducing physical strain and improving workflow efficiency.
• Durability and Reliability: Built with high-quality materials and engineering, the Sheep Bulk Handler is designed to withstand the rigors of intensive use, making it a long-term investment for your operation.

Who is Eligible?

To be eligible for the instant asset write-off, your business needs to have an aggregated turnover of less than $5 billion. This broad eligibility criterion means that many sheep producers, regardless of the size of their operation, can take advantage of the incentive.

Timing is Everything

While the extension to 2025 provides some breathing room, it’s essential to start planning your investment now. By acquiring and installing assets like the Sheep Bulk Handler before the deadline, you ensure that your business benefits from the current tax incentives, while also positioning yourself for improved efficiency and productivity in the years to come.

How to Get Started

ProWay Livestock Equipment is ready to assist you in selecting and installing the right equipment for your operation. With a commitment to quality and innovation, ProWay offers tailored solutions that meet the specific needs of sheep producers. Investing in a Sheep Bulk Handler is not just a smart financial decision—it’s an investment in the future of your farm.

Take advantage of the instant asset write-off and enhance your operation’s capabilities today. Contact ProWay to learn more about how the Sheep Bulk Handler can benefit your business, and start planning your investment strategy now to maximise your tax benefits before the 2025 deadline.