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Stimulus running out

Hurry, time is running out to get a tax break on eligible business assets. Small business can claim an additional tax deduction of 50% of the cost of eligible new assets. You must commit to the purchase before 31st December 2009 and take delivery of equipment, cars or capital assets by no later than 31 December 2010 to claim a 50% tax deduction. This offer is part of the Federal Government’s stimulus package and applied to businesses with an annual turnover of less than $2 million. Businesses with turnover above $2 million may also be eligible for an additional tax deduction of 30%. Call us for further information