The big news in 2009 was the federal government’s Investment Allowance, so if yours was one of the larger companies which took advantage of the 30% investment allowance, the end of tax year is your final deadline.
The Australian Retailers Association (ARA) has come out firing against the big banks, claiming that they are out of touch with the financial needs of small business.
Small businesses are being urged to take advantage of the Government’s 30 percent Investment Allowance before the June 30 2009 deadline.
The Government’s temporary Investment Allowance, announced in December, is a positive move for the asset finance industry and the broader economy. The ten percent investment allowance, in the form of an additional tax deduction, effectively provides the owner of new assets purchased with an upfront additional tax deduction of ten percent of the asset cost […]