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Our Self Storage project at Glendenning, Sydney, is now complete! Akura have done an exceptional job building the project in these challenging times. Faced with above average rainfall and Covid 19 restrictions, they have managed to maintain the original project schedule, which is a huge effort.

The facility is equipped with the latest security technologies by Sentinel and fitted with lifts by Southwell Lifts & Hoists.

We are now looking forward to handing over the keys to our client for the commencement of trade.

Pioneer Performance has proudly partnered with Akura to deliver 6,000 square meters of brand new self storage space at Glendenning in Sydney’s north west for our client.

Reflecting on the project to date, Leigh Thewils (National Operations Manager, Pioneer Performance), said “Akura specialises in the delivery of building solutions – and they have over 40 years’ experience in the construction industry. They are a family business that uses an integrated approach to streamline and simplify the ordinarily complex building process; providing considerable cost and time savings for our client.”

In addition to meeting a series of key project milestones already, Akura have done an exceptional job navigating a pathway through COVID-19, enabling an original commencement date of April 1st.

The state-of-the-art facility is on-track to open for business early in 2021. The storage facility will be fully equipped with the latest security and technologies to service Glendenning and surrounding communities.

Pioneer Performance is looking forward to working with Akura and industry suppliers to deliver a timely project. We’ll be sure to keep you updated throughout the build. Watch this space!

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Instant Asset Write-off extended

The good news is Treasurer Josh Frydenberg announced last week that the Government will extend the $150,000 instant asset write-off (IAWO) by six months until 31 December 2020. Under the measure, the asset must be both acquired and installed ready for use by 31 December 2020, instead of 30 June 2020. The extension will give Self Storage businesses additional time to acquire and install assets.

The instant asset write-off also helps to improve cash flow for businesses by bringing forward tax deductions for eligible expenditure. The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets provided each asset costs less than $150,000. Assets can be new or second hand and could include for example a vehicle for customer move-ins

The IAWO may also apply to internal fit out at your facility but will exclude capital improvements.

General Tax Planning Strategies

With the end of the financial year fast approaching now is a perfect time to review your year to date financial results and consider any tax planning strategies which may be applicable to your self-storage business.

Some common strategies to take before 30 June 2020 to reduce your businesses taxable income may include:

• Prepaying up to 12 months expenses including insurance, rent, subscriptions or interest)
• Ensuring your superannuation payments are made by 30 June for yourself and staff members
• Topping up your voluntary superannuation contributions
• Reviewing your debtors listing and writing off any old unrecoverable debts

Additional Considerations

You may also improve your cashflow by considering the following:

• Ensuring you have received your entitlements under the Federal and state Governments COVID-19 economic stimulus payments
• Accessing tax lodgment deferrals
• Paying GST on a cash basis rather than an accrual basis

Should any of the above be applicable to your business and you would like further information please contact our supporting accounting firm Bishop Collins https://www.bishopcollins.com.au/

Pioneer Performance have been busy managing facility upgrades at Malaga Self Storage, Perth. A huge thank you to the owners, local trades people, contractors, store customers and B&D Garage Doors for working with us to deliver a seamless project.

Storage King Marsden Park recently enjoyed their first birthday and we were happy to celebrate with them. Located in north western Sydney’s growth corridor, the store is situated in the busy Sydney Business Park. It’s been an eventful year to say the least, from dealing with neighbouring developments to  Covid -19, and  the Pioneer Performance team have done an outstanding job getting to know and serve their community. We have proudly managed the facility since the commencement of trading in mid march 2019. The stores great results are a reflection of  Peter and Sarah’s (pictured) efforts with local marketing, community involvement, customer service and consistent sales skills. They have already achieved an occupancy of 32%!. Pioneer Performance is  looking forward to another year supporting Marsden Park and surrounding areas. Congratulations to our incredible team.

We are pleased to announce our brand new website for Pioneer Performance – providing tailored self storage management services.

If you have any questions or experience any issues, please get in touch with us. Our new website was developed by Big Budda Boom, who provide self storage web design & marketing services.