2015 Budget Initiatives For Small Business
You would have to be living under a rock to not have heard that Small Business weren't forgotten in the recent Federal Government Budget.
As a business owner you work hard and you have the right to organize your affairs to minimize your tax and thanks to the budget, there is even more ways to save.
It's important to know what is the right strategy for your business and how you can be organised to get the best outcome. Negotiis’s Tax Planning Package will ensure you are lawfully paying the right amount of tax, using all the relevant opportunities that result in saving your hard earned $$ .
2015 Budget Initiatives For Small Business includes:
- Immediate tax deduction for assets up to $20,000 (for example this might be a small car, tools or equipment, or IT computers, etc.)
- Tax cut for sole traders & partnerships of 5% (up to $1,000) with annual turnover of less than $2 million from 1st July
- Tax cut of 1.5% for companies with a turnover less than $2 million from 1st July 2015
- Start up businesses will be able to immediately deduct professional expenses incurred when they begin business, such as legal costs (rather than writing them off over five years)
Financial incentives to hire jobseekers aged under 30 or above 50 years
Click here to download your FREE Year End Tax Strategies Publication full of tips that you can undertake to save money this year.