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Federal Investment Allowance Stimulus Package
For business' with an annual turnover of less the $2M, to qualify for the 50% business tax break, you will need to at least order the equipment and pay a deposit by 31 December 2009 and have the equipment delivered and in your possession by 31 December 2010.
If you are contemplating purchasing new equipment, we suggest you act quickly to ensure you are able to comply with Government's timelines.
As always, you should consult with your Accountant regarding matters such as these.
To arrange for Finance Approval for any proposed Motor Vehicle & Equipment Purchases please contact our office as soon as possible.