Cellar fella says cheers
NORTH Fremantle Old Bridge Cellars proprietor Jay Beeson (32) says more wine will go into his cellars because of pending business tax cuts from 30 per cent to 27.5 per cent.
“It’s helping us lay down more fine wine, and we’ll have increased cash flow,” Mr Beeson said.
He said he paid tax on the wine before it was sold, but any more income from paying less business tax allowed him to cellar more bottles. There are three full-time and six part-time employees at the shop selling fine wines, speciality beers, small-batch spirits and gourmet foods.
Mr Beeson said he was already looking to employ a full-time functions and wholesale manager to take on an expected increase in supplying other businesses’ events.
“A lot of our customers are small businesses, so the tax cut’s benefits to them will flow on to us, as we expected them to buy more wine and beer,” he said.
However, the cuts have been criticised for potentially putting a big hole in the Federal Budget.
“For a small business, I don’t think we got that much from the Budget previously anyway, and the benefits of the tax cut are likely to outweigh the disadvantages,” Mr Beeson said.