Australian Federal Budget 2015 Small Business winners
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Transcript of Australian Federal Budget 2015 Small Business winners
NOW...
Tax Offset for Others
Restart Subsidy
From 1 Apr 2016
From 1 Nov 2015
From 1 July 2016
Start-Up Costs
FBT exemption for Small Businesses for multiple mobile electronic devices
over 12 months for older employees
paid to employers
CGT Roll-Over ReliefNo CGT for small businesses when changing legal structure
Immediate deduction for professional services costs (like Accounting costs) for small business start ups
8 WAYS FOR YOUR
There are plenty of exclusions, rules and regulations attached to all these changes so don’t miss out on the rebates and incentives you’re business is entitled to. Speak to the Bentleys tax consulting team to see what you are eligible for.
Small Business to Benefit from The Budget
SMALL BUSINESS ARE WINNERS & GRINNERS
for Small Business to spend on deductible asset/s
$20k Instant write-offs
reduction in tax liability (max $1,000)
for Small Business5%
$10,000
FROM 1 JULY 2015...
rate reduction for Small Business1.5%
Tax Relief for Companies
T +61 8 9226 4500 W bentleys.com.au/wa
Think Ahead. Talk to Bentleys Today.
SOURCE: www.budget.gov.au
Ross Prosper Taxation & Business Services Assoc Director
Employee Share Schemes (ESS)
More entities eligible and extending the CGT discount, to attract new skills and talent