Design, Implementation and Support of communication technologies of all types, from PSTN, ISDN and ADSL through to Frame relay and VPN tunnels. | Business and General Business Tax Break |
|
Tuesday, 26 May 2009 The recently announced Small Business and General Business Tax Break from the Australian Government has now been fully approved - making it a perfect opportunity to invest in your IT assets. But time is fast running out to take advantage of the investment allowance with less than five weeks to qualify for the full tax break. Tax break opportunity for general businesses (annual turnover over $2 million)
Tax break opportunity for small businesses (annual turnover of less than $2 million)
Suggested assets this tax break can cover:
Less than five weeks left - act now and call 1300 799 165! ExamplesA small business upgrades their phone system on 8 June 2009 at a cost of $11,000, which makes it eligible to claim $5,500 bonus deduction in 2008-2009 income tax return. Furthermore by using VoIP , their $1,000 monthly phone bill can be reduced to $400 resulting a return on investment in less than a year! Medium size business consolidates their servers and centralised storage on 16 of June 2009 at a cost of $58,000. A bonus deduction claim in 2008-2009 income tax return of $17,400 is available on top of the regular asset depreciation deductions. Call 1300 799 165 to discuss with your Intellect IT account manager how your business can benefit from this great opportunity. For more information visit Small Business and General Business Tax Break ATO web page. Please note: businesses wishing to take advantage of the tax break should check with their own taxation advisors for eligibility and advice. |