To support jobs and Australian businesses – especially small businesses - the Government will fund an investment tax break for all Australian businesses.
This temporary business tax break will help Australian businesses boost business investment, bolster economic activity and support Australian jobs.
If you turnover less than $2 Million, then any capital investment over $2,000 is eligible for the 30% Investment allowance.
If you turnover more than $2 million then any capital investment over $10,000 is eligible for the 30% investment allowance.
Conditions apply –check with your accountant.
There has never been a better time to invest in Planit!
Visit the following link to find out more information on the Treasurers announcement: