By now most have heard about the Federal Government hand-outs to small business in the form of a 50% tax deduction and depreciation allowance for new vehicles and equipment.

What a lot of people don’t realize is that this allowance ends on the 31st DECEMBER 2009!

If you intend to purchase any new chattels for your business, do it now as now that the financial situation has improved and the reserve Bank is increasing interest rates to stop inflation – hard to work out isn’t it? There will be no extension of this tax deduction and we cannot see it coming our way for a long, long time. Get in now before it is too late.

You will be surprised when you do decide to purchase an item you had your eyes on that it may not be available, or you will have a long wait before you can obtain it for your business. Motor vehicles are a prime example. Due to the tax concessions and resultant consumer demand, the thousands of surplus stocks vehicles that had built up in the financial downturn have been cleared. In some cases there is now a waiting time of 2 to 3 months for popular brands.

After speaking to may small business owners, there appears to be a lot who still do not understand how this government incentive works, meaning they are missing out on this once in a lifetime hand out. We have experts in this finance area and invite everyone to telephone us on 1300 4 MORRIS for no obligation advise on the subject, who knows we may also be able to arrange the best interest rates available to assist you to with your new vehicle or business equipment.

ACT NOW BEFORE IT IS TOO LATE!