New small business tax concession

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Running Time: 7:22

Date: 01/03/2017

Small businesses don’t have long to take advantage of an important tax succession.

The government announced a major tax concession in its May 2016 budget, which is expected to expire on 30 June 2017. Michael Jones of Cummings Flavel McCormack explains how a $20,000 asset purchase can be tax deductible for businesses with turnover of $10m or less.

Michael Jones, Cummings Flavel McCormack