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Taxation
Asset Management

October 24th 2009

Dear #firstname#,

Your new AKA Knowledge Newsletter is here where we tell you about:


New Small Business and General Business Tax Break

Editor: Last month we reported that the Government had announced that it would introduce a temporary 'investment allowance', providing an additional 10% deduction for tangible depreciating assets acquired between 13 December 2008 and 30 June 2009.

The Government has now 'upped the ante', increasing both the amount and the
scope of this allowance. The Treasurer has stated that the Government will introduce an investment tax break for all Australian businesses, whichit is calling the 'Small Business and General Business Tax Break'.

Small businesses

Small businesses can claim an additional 30% tax deduction for eligible assets
costing $1,000 or more that they acquirefrom 13 December 2008 to 30 June 2009,
and install by 30 June 2010.

For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31
December 2009, they can claim a 10% deduction where they are installed by 31
December 2010.

This deduction is on top of the usual capital allowance deduction (i.e., depreciation)
claimable for the asset in the taxpayer's income tax return.

To benefit from this tax break a small business must have a turnover of $2 million a
year or less.

Headline 3

Text number 3: Example; For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31 December 2009, they can claim a 10% deduction where they are installed by 31 December 2010.For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31

Headline 4

Text number 3: Example; For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31 December 2009, they can claim a 10% deduction where they are installed by 31 December 2010.For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31

Headline 5

Text number 3: Example; For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31 December 2009, they can claim a 10% deduction where they are installed by 31 December 2010.For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31

Headline 6

Text number 3: Example; For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31 December 2009, they can claim a 10% deduction where they are installed by 31 December 2010.For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31


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