Here’s a tip with a bit of a difference….. You may not be aware that the Federal Government announced an incentive for business investment just prior to Christmas. ….. The allowance will be in the form of an additional tax deduction equal to 10 per cent of the cost of an eligible asset. The allowance will be applicable to most new tangible depreciating assets – which includes most items of plant and equipment –...

You may not be aware that Federal Govt has announced an incentive for business investment just prior to Christmas. The allowance will be in the form of an additional tax deduction equal to 10 per cent of the cost of an eligible asset. The allowance will be applicable to most new tangible depreciating assets – which includes most items of plant and equipment – over $10,000 which are acquired or ordered by the end of the current...