Post-Budget Tax Update
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The small business investment allowance increased and extended - but that's all the good news in the Federal Budget.Businesses turning over up to $2 million will benefit from Budget changes to the capital equipment investment allowance. It's been increased from 30 to 50%, and the qualifying period extended. Other tax and superannuation changes will be less welcome. Tax expert Michael Jones, from Cummings Flavel McCormack, explains how businesses will be affected by the government's battle against the effects of the global recession.
Topics: Accounting & Tax, Economy, Financial Management
Michael Jones, Cummings Flavel McCormack