Deductions and tax cuts ahoy!
Good news! The Government has agreed to expand accelerated depreciation by allowing small businesses, with an aggregated annual turnover of less than $2 million, to immediately deduct each asset that costs less than $20,000. So your small business can now take advantage of a 100% tax deduction for most small and medium investments.
In plain English: It’s a great time to be a small business.
Federal Treasurer Joe Hockey certainly seems to think so, saying: "This is where the jobs of the next decade will be." Moreover, from July 1, all small business will receive the promised company tax cut of 1.5 percent.
To add to the euphoria, all of this great news come as we close in on yet another financial year - with just 4 weeks left!
In plain English: It’s the perfect time for small businesses to invest in new equipment.
Want even more good news? Sweet Telecom is partnered with Avaya - the market leading phone systems provider. If you’re looking for a great way to future-proof your business and make a worthwhile investment, you should get in touch with us about upgrading or installing a business phone system.
In the words of our treasurer: “Get out there and have a go”.
Or...In plain English: Contact Sweet to get your business a phone system!