Attention all business owners

  • 30% investment allowance
  • One time window of opportunity

With the intention of driving more business investment during these difficult times, the Federal Government has announced a temporary 30% investment allowance valid for most new assets either ordered or acquired between 13th December 2008 and 30th June 2009.

As an example, a $50,000 new car acquired 15th May 2009 would enable a $15,000 one-off tax deduction in the 08-09 income tax return, in addition to the usual depreciation charged.

Full details of the allowance will soon be released so contact SCA Finance NOW about this fantastic opportunity to generate a big tax break for your business.

Combine this one-off opportunity with the heavy discounts now being offered by dealers and all businesses are in the box seat. But you must act before June 30.

Please note this is not to be considered tax advice. The required legislation to formalize this allowance has not been passed therefore information in this column must not be relied upon. You must obtain independent professional advice before any decisions are made.

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