In last
years budget the Federal Government announced significant asset tax breaks for
small business and there are only a few days left to take advantage of them.
Small
businesses with less than $2 million in turnover are able to write off each
business asset, including laptops and office furniture, costing under $6500.
So, if you purchase a new business laptop before 1st July you are able to get an immediate
deduction for that amount in your 2013 tax return.
It might
be time to talk to your accountant - but don't delay.
