6 May 2010
Summary
- Corporate tax for small business cut from 30% to 28 % by 2012-2013 and other businesses by 2014 – 2015
- $5,000 immediate write off for all small businesses assets from 1 July 2012
- Simplified deprecation rules for small business
For more information please see the Penrith Business Alliance site.
(Source: www.penrithbusinessalliance.com.au)