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05 Feb 2009
The Australian government is offering small businesses a tax break on new business investment in an effort to boost economic activity and jobs.
The $AUD2.7bn (£1.2bn) tax break is part of the government’s $42bn stimulus package which it claims will support up to 90,000 jobs.
Businesses with annual turnover under $2 million that buy $2,000 worth of computer equipment before the end of June 2009 can claim a $600 deduction in their 2008-09 tax return.
Resources firms that splash out on mechanical diggers worth $60,000 get a deduction of $18,000 in their next tax return.
A 30 per cent tax deduction is available on eligible assets costing $1,000 or more if acquired between December 13, 2008 and June 30, 2009.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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