Budget 2016 – Recognising the power of the SME business sector

By |2022-06-22T15:16:55+10:004 May 2016|

Government recognising the importance of the SME sector For too long SME businesses have carried the load of driving Australia's economy without getting the recognition from government it deserves. This is now changing under the current Government. The extension of the $20k instant write off to businesses turning over up to $10m should stimulate considerable additional investment. This can be powerful because each qualifying investment benefits two businesses. Firstly, it benefits the business that is selling the investment asset and this is growing the economy. Secondly, it benefits the investing business as they can reduce their tax by up [...]