With one month left before the goverment's 50% depreciation grant runs out, you've probably already purchased your vehicle or equipment, or have decided on what you will purchase.

If you're still unsure, the below example may spark and idea as to how this tax break can help you and your business get some new equipment!

You may have had your trusty old ute for a couple of years and it is serviceable and will last another year or two. It still runs ok, but is starting to show signs of getting tired. If you haven't considered a new vehicle as a replacements, you may be shocked at some of the benefits and savings!

Do you realise that if you purchased say a new Toyota Workmate for around for $25,000-00 you can claim $12,500-00[ that is HALF] as a tax deduction this financial year. This has a threefold effect:

1. You reduce your taxable income for the year ending 30/6/10

2. The vehicle only owes you $12,500 -00 in the first year

3. You reduce your vehicle repairs and downtime immediately

Even as this limited offer comes to a close, we continue to receive many inquiries as to how this can be applied to certain businesses and purchases.  Morris Finance can clear up some of your confusion with "no obligation" advice should you require any further information.