Many business owners may be eligible for the additional 50% tax deduction for certain new business investments.
Small business entities (businesses with an aggregated annual turnover of less than $2 million) need to purchase an asset by 31 December 2009 and install or first use the asset by 31 December 2010 to qualify.
They claim the bonus deduction in their tax return for the year in which they install or first use the asset. You should consult a registered tax agent.
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"I had trouble with my MYOB files and contacted Carol and the team and they were just excellent. more
"Just wanted to say thank you for your time the other day, it was very much appreciated and certainly helped me make a decision [about starting my bookkeeping business]
I found your advice and ideas to be really helpful and feel the 'penny has finally dropped' so thanks again and will certainly be in touch if need be.
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Elizabeth M, Brisbane, Qld
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Great to have experts with good knowledge and sensible understanding for individual client needs.
Many thanks again, I will be sure to recommend you to people I know who need expert help.
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