The Government will provide an additional $2.7 billion temporary tax break to small and other businesses to boost business investment.

Small businesses will be able to access the tax break for assets costing $1,000 or more. For all other businesses, the asset threshold is $10,000.

The tax break provides an additional tax deduction for assets acquired from 13 December 2008 to 30 June 2009, where the asset is also installed before 30 June 2010. The deduction will be equal to 30 per cent of the asset's cost.

For assets acquired between 1 July 2009 and 31 December 2009 and where they are installed ready for use before 31 December 2010, the deduction is 10 per cent of the asset's cost.

These tax breaks make this the perfect time to take advantage of our fantastic specials available on ex-demo machines! See the bottom right corner of this email for the list of what is currently available.

Questions and Answers

Who will be assisted?

• Taxpayers that carry on a business will be able to claim the tax break in the form of a bonus tax deduction.

• The core provisions of the uniform capital allowance in Subdivision 40-B of the Income Tax Assessment Act 1997 (ITAA97) will provide the framework for determining which assets are eligible and who is entitled to claim the bonus deduction. This approach will reduce complexity and compliance costs for businesses.
• The allowance will take the form of a tax deduction on top of the usual capital allowance deduction able to be claimed for the asset as part of the taxpayer's income tax return.

• Assets that are eligible will be tangible depreciating assets used in carrying on a business, for which a deduction is available under Division 40 of the ITAA97.
• Further, the tax break will be available for new expenditure on existing assets as well as for new assets. The assets must be used in Australia.
• A minimum expenditure threshold of $10,000 will also apply, except for small business entities which only have to meet a minimum threshold of $1,000.
• Draft legislation to implement the investment allowance will be released for public consultation later this month.

iMedia are proud to be selling the new Hewlett Packard L65500 Latex Printer. This colour inkjet printer is designed for printing high-quality images on flexible substrates from 36" (914 mm) to 104" (2.64 m) wide.

Featuring printing speeds of up to 846 ft²/h, it is environmentally friendly and uses odourless, aqueous latex inks in six colours. Able to print on a wide range of substrates including most low-cost, uncoated, solvent-compatible substrates, it also requires no special ventilation and produces no hazardous waste.

The three-litre ink cartridges mean having to change ink cartridges less frequently, and when you do have to, they can be changed while printing. A popular feature in many HP printers is their ability to accurately and consistently reproduce a wide gamut of colours, with automatic colour calibration via the built-in spectrophotometer and the L65500 certainly makes use of these features.

It’s ability to produce durable prints with outdoor display permanence of up to three years unlaminated (five years laminated) make this a desirable printer for use in outdoor signage industries as well as many other printing environments.

iMedia are pleased to announce that William Cope has been appointed to the role of Sales Executive and commenced work with the company on Monday February 23rd.

Will has extensive experience working in the graphic arts supply industry as an Account Manager and Technical Consultant, as well as in the role of Sales Representative. Most recently Will has beem employed by Graphics Art Supplies in South Australia and brings with him excellent industry knowledge.

We are delighted to welcome Will to the iMedia team, and look forward to him joining us at Visual Impact in Melbourne next week.

iMedia will be exhibiting at VIIE at the Melbourne Showgrounds next week (6th and 7th of March). We will be located on stands 7 - 10 and will be exhibiting with our friends at Dalton and i-Sign. On display will be a select number of products and all attendees to the stand will be invited to a special event at the iMedia offices in March, stay tuned for more details, or visit us at the show. To register to attend please visit http://www.infosalons.com.au/VISUAL09M/register.asp.