The Small Business and General Business Tax Break was introduced as an investment allowance a year ago, to boost business investment during the global financial crisis.
It was extended in this year’s Budget to allow small businesses to claim an extra 50% tax deduction on eligible assets bought by 31 December 2009.
As the deadline for eligible purchases draws closer, the ATO has developed some online information materials to help explain the business tax break to businesses:
- A Tips for Business fact sheet
- A Myth Busters fact sheet
- A short article for use in newsletters or websites
- A business tax break overview ‘hand out’
- Information in languages other than English
The kit is available on www.ato.gov.au and the business tax break communications team can provide further information via businesstaxbreakcommunications@ato.gov.au or 1300 337 921 (8.00am and 5.00pm, Monday to Friday).
