The Coalition Government’s Growing Jobs and Small Business package has attracted positive feedback from local businesses across the Parkes electorate.
Federal Member for Parkes, Mark Coulton, has received praise from numerous local businesses that are already experiencing increases in sales because of this package.
“The package was announced last week as part of the 2015 Budget and it provides major incentives for businesses to invest, hire and grow,” Mr Coulton said.
“A key part of this package is that small businesses, with a turnover of less than $2 million, can now buy machinery or equipment costing less than $20,000 for their business and deduct the full amount immediately from their taxable income.
“For example, if you buy a car worth less than $20,000 for your business, you can deduct the full amount straight away.
“This new measure reduces the tax burden for small businesses and thereby increases their income after tax.”
General Manager of Mitre 10 Dubbo, David Haywood, is pleased to be experiencing the immediate impact this package has had on business.
“We have seen an instant response to this Budget package,” Mr Haywood said.
“From last week on, tradies were aware of the new measures, the message had been communicated clearly and small business was keen to spend.”
Managing Director at CBM Computers, Nasser Sedghi, is also a keen supporter of the Growing Jobs and Small Business package.
“It’s a good concept; it provides a good incentive for small business,” Mr Sedghi said.
“In economic terms, if there are some incentives there for small business, it will create a cycle.
“It gives some sort of encouragement to start a small business; businesses need a bit of encouragement and stimulation.”
Mr Coulton said that this measure, along with the government’s other small business initiatives, will provide a boost to small business activity, investment and the ability to create jobs.
“It is important that in an electorate like Parkes we support small businesses; they are the backbone of our local economy,” Mr Coulton said.