Small Business Tax Break

Small Business - Receive an additional 50% tax deduction on your purchase if:

• Your business has a turnover of less than $2 million a year
• The eligible asset is $1,000 or more
• OR a set of assets that are substantially identical and in total exceed $1,000
• The purchase is made before 31 December 2009 and installed before 31 December 2010
• The assets are used principally in Australia and used for the purpose of carrying on a business

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General Business Tax Break

General Business - Receive an additional 10% tax deduction on your purchase if:

• Your business has a turnover of more than $2million a year
• The eligible asset is $10,000 or more
• Or a set of assets that are substantially identical and in total exceed $10,000
• The purchase is made between 1 July 2009 to 31 December 2009 and installed on or before 31 December 2010
• The assets are used principally in Australia and used for the purpose of carrying on a business

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Education Tax Refund

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The above is not meant to be seen as tax advice but rather a list of some of the tax deductions and refunds currently available to individuals and companies in Australia in relation to I.T. purchases. Please see your accountant or ATO for tax advice regarding your personal circumstances.