The 50% Tax Break (investment allowance) introduced by the federal government late last year and extended in this year’s budget is available for another five and a half months – if the business turns over less than $2 million annually.

There has been a queston as to whether newsagents include lottery takings or just their commission in the calculation.

I am advised that only the commission is part of the calculation.  This means that the Tax Break is available to many newsagents – a very handy deduction for those investing in their business.