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In a joint media release issued on 29 November 2009, Assistant Treasurer, Senator Nick Sherry, and Small Business Minister, Dr Craig Emerson, reminded businesses they need to act by 31 December 2009 to benefit from the small business tax break. The Assistant Treasurer said small business owners who want to take advantage of the 50% small business tax break need to purchase assets, or enter into a contract to buy them, on or before 31 December 2009.

For a copy of the media release, No 2009/089, 29 November 2009, go here

For more information about the small business tax break, go here


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