Cash­ing in on write-off

Campaspe News - - NEWS -

SMALL busi­nesses in Mur­ray will con­tinue to ben­e­fit from ad­di­tional op­por­tu­ni­ties to in­vest in their busi­ness and re­place or up­grade their as­sets with the $20,000 in­stant as­set write-off.

The leg­is­la­tion de­liv­ers on the Coali­tion Gov­ern­ment’s 2018-19 bud­get an­nounce­ment to ex­tend the $20,000 write-off for a fur­ther 12 months to June 30, 2019.

Across Aus­tralia, there are more than three mil­lion small busi­nesses with an an­nual turnover of less than $10 mil­lion that are el­i­gi­ble to ac­cess the write-off.

“Whether you’re a gardener pur­chas­ing a ride-on lawn mower, a cafe´ owner pur­chas­ing an in­dus­trial dish­washer or a courier pur­chas­ing a ve­hi­cle, I en­cour­age small busi­nesses in Mur­ray to take ad­van­tage of the $20,000 in­stant as­set write-off – if they’re not al­ready,” Fed­eral Mem­ber for Mur­ray Damian Drum said.

“In a re­port com­mis­sioned by the Aus­tralian Food and Gro­cery Coun­cil last month, the Mur­ray elec­torate was home to more than $5 bil­lion of eco­nomic out­put. Our small busi­nesses play a big part in this eco­nomic out­put. Any help the gov­ern­ment can pro­vide to our small busi­nesses helps our lo­cal com­mu­ni­ties by grow­ing jobs and in­vest­ment.’’

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