In the budget today the small business tax break was increased from 30% to 50%

Small businesses with turnover of less than 2 million dollars can claim an additional 50% tax deduction on eligible assets up to 31 December 2009.

Regards,

Glenn Wallace
Business Adviser
Chartered Accountant
CPA
Australian Registered Tax Agent
Superannuation

This entry was posted on Wednesday, May 13th, 2009 at 12:07 am and is filed under Tax Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.