Small and General Business Tax Breaks

Your business may be eligible for the General and Small Business Tax Break for depreciable assets purchase between 1 July 2009 to 31 December 2009 which are installed and ready for use by 30 June 2010. Small businesses which purchased an asset greater than $1,000 are eligible for an additional 50% tax deduction while all other business which purchased an asset greater than $10,000 are eligible for an additional 10% deduction.