Have you missed out on settling your car or capital equipment finance prior to June 30? Don’t despair, the Federal Government tax break of up to 50% has been extended to 31 December 2009. For businesses with an annual turnover of $2M or less a 50% tax deduction is available to eligible business purchasing depreciating assets until the 31 December 2009. A tax deduction of 30% is available to eligible businesses with an annual turnover of more than $2M. Why not take advantage of today’s low interest rates and purchase your new car or capital equipment now to make the most of your new asset for the full financial year.