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Small Biz Tax Rebate Increase |
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Government Business Tax Incentive now 50% and valid until December 2009!
The Australian Federal Government's Budget has seen an increase in the temporary tax assistance to qualified businesses in Australia from 30% to 50%. The 50% tax deduction will be available on eligible assets acquired between 13th December, 2008 and 31st December, 2009, and installed and ready for use by 31st December, 2010.
The expanded Tax Break is available to small businesses with a turnover of less than $2 million. The business need only purchase an asset for as little as $1,000 in order to qualify.
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