Don't miss out on the Government's 50% Small Business Tax Break Boost on Equipment Purchased Before 31st December 2009

The Small Business Tax Break is still available until 31st December 2009 on eligible purchases. The Small Business Tax Break provides a 50% temporary tax allowance respectively to businesses for eligible capital investments.

Small businesses (i.e. with annual turnover of $2 million or less) can access a 50% tax deduction on eligible assets (including Tennant equipment) that are greater than $1,000 (excluding GST) acquired from December 13, 2008 to December 31, 2009 and installed by December 31, 2010.

This translates to significant tax deductions on Tennant equipment. Here is an example of how a small business can save in tax on an eligible Tennant purchase using the 30% tax deduction:

Walk-behind sweeper (example based on price of $10,000 excluding GST) $10,000 Investment Allowance Deduction $5,000 Savings (from 30% company tax rate) $1,500

Other businesses can access a 10 per cent tax deduction for eligible assets over $10,000 (excluding GST) that they commit to investing in between 1st July and 31st December 2009.

Don't miss out on this fantastic opportunity to make tax savings on a Tennant solution that will increase your productivity.

Contact Tennant Company today to arrange an obligation-free site survey and recommendation. Call 1300 769 066 or email contactus@tennantco.com.

For further information, please visit www.treasurer.gov.au.
Tennant Company recommends you seek independent advice on all tax related matters.