Business tax break
Wednesday 08 December 2010Are you a small business (annual turnover less than $2 million) that committed to investing in an eligible asset to claim the 50% business tax break deduction on, or before 31 December 2009?
If so, remember that to be eligible to claim the deduction, you have until 31 December 2010 to first use or install the asset ready for use in your business.
The deadline also applies to other businesses (turnover $2 million or more) that want to claim the 10% business tax break deduction.
For more information, visit the Tax Office website.
This content is supplied to Flying Solo via business.gov.au,
the Australian Government's principal website for business information and resources.
