SMALL BUSINESS WINS IN THE FEDERAL BUDGET

The small business instant asset write-off threshold has been lifted to $50,000 and expanded to include businesses up to a $50mil turnover.  This applies immediately (3/4/2019) to 30 June 2020.

 

Make sure you call us and take advantage this financial year!

Small Business Tax Cut – For businesses with turnover of less than $50mil a year – the tax rate will be lowered to 25% by 2021/22.

Another benefit is the record, $100 Billion spend on infrastructure nationally over the next decade.

Australian Prime Minister Scott Morrison speaks to the media during a press conference at Parliament House in Canberra, Wednesday, February 13, 2019. (AAP Image/Lukas Coch) NO ARCHIVING

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