Company

Link: http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2009/061.htm&pageID=&min=wms&Year=&DocType=0

Retailer owners have a last opportunity to an increased business tax break of 10% or 50% on Point-of-Sale and computer hardware, with the Federal Government’s economic stimulus package until 31 December 2009.

As well as the existing standard depreciation on assets, Retailer owners can gain extra tax incentives for spending on IT assets (including hardware and Point-of-Sale) by the end of 2009.

Two categories of incentive apply of which you are entitled too
*There is a 50% tax deduction on eligible assets of $1,000 or more for retailers that qualify as a small business, which means having an annual turnover
*There is a 10% tax deduction on eligible assets of $10,000 or more for retailers

This is your last chance to make eligible asset purchases for depreciable assets under the Government's tax incentives. To gain the relevant tax benefits, if you intend to install by 31 December 2010 you need to contact us now. We urge any retailers who are already planning new purchases of POS or computer technologies systems to think about the tangible tax benefits

To discover more, contact the us on (03) 95977222