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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Articles

From George and John

Merry Christmas and a Happy new Year to all our clients.
Powerful Superannuation tool on our site.
Gifts Provided to Employees at a Christmas Party – any FBT?
Reminder Tax Break Deadlines
Australian Taxation Office (ATO) Bungled Attack on Foreigners
Tax File Numbers (TFN) and Super Funds
Recognition of same-sex Couples in Super
Attitude of Banks to Insolvency
From the Desks of George and John
3 x Tax Time Checklists
Director Penalties – Workplace Relations Act
Tougher Sponsored Workers Policy
Insolvent Trading Defences
Case Study - Player Management Fee Deductions
Reminder Tax Break Deadlines
.

Small business has until 31 December 2009 to invest and get the 50% tax deduction.

If your annual turnover is less than $2m, you are a small business which is the first step in qualifying for the 50% tax break.

Other key requirements are:-

  • brand new (demonstration use allowed only)
  • primarily for business use
  • cost more than $1,000
  • commitment date before 31 December 2009
  • installed/ready for use before 31 December 2010
  • excludes intangibles and software

Hire purchase, leasing and chattel mortgages create a new set of problems with commitment dates and ownership, so don’t wait till the last moment.

 

 

 

 



4th-December-2009