Car Finance Blog
Finance News, Comments & Advice
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Equipment tax break
The Government announced that the capital expenditure tax break for small businesses will be increased to 50%. The increased tax break applies to eligible small businesses with a turnover of less than $2million. You may wish to make use of this incentive by investing in new equipment prior to the end of the financial year. As there is less then two weeks to the end of the financial year you will need to organise your equipment purchase and finance quickly. For an expedient settlement on your new capital expenditure contact an online finance broker as they will have access to many financial institutions and will be aware of the turnaround times and requirements needed for a quick settlement.