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BUDGET 2015 - Small Business

posted 12 May 2015, 03:49 by Gordon Kay   [ updated 12 May 2015, 03:50 ]

On the night of the Australian 2015 Budget 

JoeHockey Delivers Stimulus Strategy For Small Business Budget2015
  • Reduce Corporation tax for Small Business to 28.5%.
  • Up to $1000 tax rebates for Non Incorporated Businesses.
  • $20K write-off on purchases as from tonight.
  • Gone Fringe Benefit Tax on many items. 
  • 100% deduction on Startup Restructure cost.
  • Access to use Crowd Funding strategy.
  • Farmers gain immediate deduction for improving and maintaining facilities including water and fencing.
  • $5B infrastructure investment for Northern Australia to create new jobs.
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