Thursday 27 June 2013

Three Days Left For Tax Breaks

In last years budget the Federal Government announced significant asset tax breaks for small business and there are only a few days left to take advantage of them.

Small businesses with less than $2 million in turnover are able to write off each business asset, including laptops and office furniture, costing under $6500. So, if you purchase a new business laptop before 1st July you are able to get an immediate deduction for that amount in your 2013 tax return.

It might be time to talk to your accountant - but don't delay.