Comments on: Government help for small business…

By: tashword

tashword — Wed, 12 May 2010 00:48:07 +0000

Thanks for sharing Holly – I bet you have some tasty meals with such fresh vegetables! Did you find the tax deduction useful for your business last year?

By: Holly Martin

Holly Martin — Wed, 05 May 2010 23:32:58 +0000

i run a small business both online and offline and they serve as my primary source of income. my small business at home is a mini hyrophonics vegetable farm..::

By: tashword

tashword — Fri, 30 Apr 2010 03:33:51 +0000

You’re welcome Country Girl, I hope it helped you know about the potential tax break – although I hope you read it a while ago as the capital investment needs to be made by the end of 31 Dec 2009!

By: CountryGirl

CountryGirl — Fri, 30 Apr 2010 00:28:40 +0000

Fabulous post,Maybe I might sign up to your rss.

By: tashword

tashword — Tue, 03 Mar 2009 09:15:11 +0000

The latest is that a draft legislation was released on 24 February that "will provide a temporary 30 per cent investment allowance to small businesses for eligible capital investments of $1000 or over, and for other businesses for capital investments of $10,000 or more." Comments can be made until 10 March 2009 if you want your say - visit the Treasury site or read their FAQs.

By: tashword

tashword — Thu, 05 Feb 2009 01:16:59 +0000

Well the Opposition doesn’t like the package so things could change…

It was interesting to hear someone from the Opposition this morning on radio (I missed the start so didn’t hear a name) give one reason for refusing the package as being too large was what I wrote above. Namely, small business will be limited in accessing the tax break because they don’t make a lot of asset purchases over $1,000.

While I agree with the limitiation on small business spending, how does ‘small business can’t use this break’ justify ‘the package will cost us too much’? Surely if small business don’t use the tax break, it won’t cost the Government!

While we wait and see what package we finally get, I am still interested in how other business owners view the tax break for small business – would it help you? Will it make you spend more, which is the main aim of the entire rescue package.