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Fancy a 30% tax deduction on your Arcade Table?

Yet to be formalised is the Business Investment Allowance for Depreciating Assets Scheme.  If your business turnover is less than $2,000,000 annually and you acquire an asset greater than $1,000, you can claim a 30% deduction straight away, provided the purchase date is between 13th December 2008 and 30th June 2009.  Beyond the 30th June and through to 31st December 2009, you can claim a 10% deduction. The equipment purchased must be:

• purely business related
• a new asset (or a new improvement on an asset)
• used in Australia, and
• a tangible asset.

Sounds to me like a great way to score an Arcade Table for your business!  For more information, visit the ATO website's information page.