“Businesses in Australia \u2013 especially small businesses – are the engine of the Australian economy and deserve direct support during a global recession.”<\/p>\n
I agree with the Treasurer that Australian business are a crucial part of our economy – and helping those businesses will therefore help the economy.<\/p>\n
Yesterday, the Rudd Government announced a huge package to help prevent or reduce the recession for Australia. Part of the package is aimed at business, whilst the remainder is aimed at creating jobs and increasing spending.<\/p>\n
The small business and general business tax break is described in the Treasurer’s media release<\/a>\u00a0and fact sheet<\/a>. For most small businesses, it makes the purchase of a new computer or other eligible assets (excluding cars and trading stock) more affordable.<\/p>\n Great news if you need a new computer – or you sell computers!<\/p>\n There are of course conditions to qualify for these deductions, such as having a turnover under $2 million to qualify as a small business.<\/p>\n The 30% tax deduction only applies for assets greater than $1,000 which may exclude many micro businesses.\u00a0 For example, an additional $300 deduction applies if you buy a $1,000 computer before the end of June 2009 – how many micro businesses would be buying a $1,000 computer unless in that industry?<\/p>\n However,\u00a0if you are considering\u00a0buying a new sewing machine, desk, computer, printer, camera, or similar, maybe the tax deduction will make it feasible for you to buy a larger and more expensive model.<\/p>\n How valuable do you think this tax break will be for your business? Will it impact on your buying decisions in the next few months?<\/p>\n","protected":false},"excerpt":{"rendered":" “Businesses in Australia \u2013 especially small businesses – are the engine of the Australian economy and deserve direct support during a global recession.” I agree with the Treasurer that Australian business are a crucial part of our economy – and helping those businesses will therefore help the economy. Yesterday, the Rudd Government announced a huge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[50,53],"tags":[900,897,899,898,901,347],"class_list":["post-587","post","type-post","status-publish","format-standard","hentry","category-bit-off-track","category-business-info-tools","tag-assets","tag-break","tag-deduction","tag-government","tag-small-business","tag-tax"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t