The 31 December purchase deadline for the small business tax break is just right around the bend. You need to act fast. For more information, including a comprehensive information kit , visit the Tax Office website.
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.
