Make yourself comfy, put on a party hat and grab a glass of champers!!
After chatting with a staff member from the Australian Tax Office on the 16th April 2009, I have been informed that the Rudd Government "General Business Tax Break Plan" as part of the 42 Billion Dollar economic rescue plan is now underway.
Statement issued by the Treasurer Wayne Swan during the budget speech on Tuesday 12th May 2009.
Small Business General Business Tax Break Plan.
50% Tax Rebate on Capital Purchases
until 30th December 2009.
ONLY 3 MONTHS LEFT TO TAKE ADVANTAGE OF THIS REBATE!!!
(ABN required)
Here's how it works,
If you decide to make a "capital investment" (purchase equipment) to the value of more than $1,000. Order, pay and have delivered before the close of business on the 30th December 2009, you will receive a 50% tax benefit.
If it's delivered after the 30th December 2009 you will only receive a 10% tax benefit.
Seems like a good idea to buy now, make money, stimulate the Australian economy and get fantastic tax breaks in the bargain!!
We have included a link to the article "Cop A Dose Of Harden Up"
so read it and have a chuckle!!!
If you hear anyone complaining about the state of the economy then our recommendation is to either tell them to "Cop A Dose Of Harden Up" and give them the article, or if straight to the point is not your style, then just smile and say
"Hey, it's not that bad. We still live in a great country and we've had plenty of big government surpluses from the last few years to get us through".
Click this link Sydney Morning Herald
