Degrees - HVAC-R and Refrigeration Latest News
Small Business Tax Break
Don’t miss out
Your lucky break.
Small business tax breaks.
Part of the economic stimulus package is a $2.7 billion tax break, which can mean substantial savings for your business. Particularly if you act now.
Here’s how it works. If you purchase assets before 30 June, 2009 for your business worth at least $1,000 (or $10,000 if your turnover is more that $2 million), you can claim an additional 30% tax deduction in the first year. In other words the government will pay 30 cents in the dollar on anything you buy for your business.
From 1 July 2009 to 31 December 2009 you can still claim an additional 10% deduction, but after that the tax breaks stop*.
So, for example, if you’re considering purchasing anything for your business, from a Victaulic roll groove machine or a Rothenberger recovery unit, a Rothenberger pipe cut saw to an electrofusion welder, now’s the time to act. These are just some of the products available to help you to take advantage of the tax break. For more information visit www.treasury.gov.au or talk to your tax accountant.
Don’t miss out. There’s never going to be a better time to invest in your business, and Australia’s future.
Sitemap | Contact Us | Careers | Media Centre
Terms & Conditions | Privacy | New Zealand Site