Until the end of this month, businesses are eligible for a tax break when they buy or improve assets.
The Small Business and General Business Tax Break is an extra tax deduction available on the plant and equipment you need to buy to keep your business running. The tax break covers new, tangible, depreciating assets. It also covers improvements or additions you make to existing assets.
The 31 December purchase deadline for the small business tax break is fast approaching so you need to act soon. For more information, including a comprehensive information kit , visit the Tax Office website.
