PH: 02 6652 8788
FAX: 02 6652 8233
MOB: 0411 798159
Coffs Harbour Jetty Office (Monday-Friday 9am-4pm)
Suite 3, 24 Edgar Street, COFFS HARBOUR NSW 2450
PO Box 36, BONVILLE NSW 2441
Budget 2009: Small business tax break boosted from 30% to 50%
The small business tax break was introduced earlier this year as part of the Rudd Government’s stimulus measures, and has been applauded by business groups as a way of assisting growing businesses through the downturn and stimulating economic growth by pulling forward investment.
Under the original model, the tax break was set at 30% for assets over $1000 that were purchased between 13 December 2008 and 31 December 2009 and installed by 31 December.
But under the new 50% tax break, the business will be able to claim a tax deduction of $15,000 (that is, 50% of $30,000).
Click on the below attachment to read more.
Under the original model, the tax break was set at 30% for assets over $1000 that were purchased between 13 December 2008 and 31 December 2009 and installed by 31 December.
But under the new 50% tax break, the business will be able to claim a tax deduction of $15,000 (that is, 50% of $30,000).
Click on the below attachment to read more.
| Attachment | Size |
|---|---|
| Budget 2009 - Small business tax break boosted.doc | 49 KB |
Liability limited by a scheme approved under Professional Standards Legislation.
Powered by