Small Business Tax Break
Tax Breaks
The Small business and General Business Tax break
The business tax break is an extra tax deduction available on the plant and equipment you need to buy to keep your business running.
The tax break covers new, tangible, depreciating assets.
It also covers improvements or additions you make to existing assets.
As the tax break is temporary, there are deadlines that apply, so you must buy and use or install the asset within a set timeframe.
The tax break is in addition to the deduction for the decline in value your business is entitled to claim for an eligible asset.
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Income Tax refund
Financial Hardship Income Tax Refund Request
Are you expecting an income tax refund and experiencing financial hardship?
The Tax Office can help if this applies to you.
You will need to
Looking for lost super
SuperSeeker is a tool that is found on the ATO website that will help you look for your lost super and provide you with a list of possible matches.
It is free
More...Tax Breaks
The Small business and General Business Tax break
The business tax break is an extra tax deduction available on the plant and equipment
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