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Small business tax break deadline looming

The deadline for the small business tax break is fast approaching, and small business operators are being urged to take advantage of the rebate and update their desktop or notebook PCs.

Under the small business tax break, small businesses may be able to claim up to 50 percent when they purchase new assets, including computers, before 31 December 2009.

According to Intel’s Kate Burleigh, director of marketing, Intel ANZ, small businesses often stretch out the life of their PCs in order to save money, but this may result in more cost outlay in the long run.

“If SMBs don’t refresh, the annual cost of IT support for each individual PC can rise by up to 50 percent from year three to year four of ownership. Replacing older PCs is a much more cost effective solution than expending time and money upgrading,” she said.

The Federal Assistant Treasurer, Senator Nick Sherry has also reminded small businesses to consider taking the government up on the tax break.

“If a small company wants to spend say $2,000 on a new computer, they may be better off buying it or entering into a contract to buy before this deadline of the 31st of December,” he said.

For more information and to check whether your business is eligible, please visit the ATO website.

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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