You don’t have long to take advantage of an important tax succession aimed at small business.

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.

Audio by Business Essentials. For more business interviews please visit http://www.be.com.au/business-essentials-audio-programs