Small businesses expect a budget win

Image by Fabian Blank

Small and medium business are expected to be at the forefront of Morrison's budget tonight.

Dubbing SMEs “the hope of the side” for creating jobs and economic growth, Fairfax reports Morrison will cut the rate of corporate tax from 30% to 27.5% for incorporated businesses under annual turnover threshold of $10m.

Further, the $20k instant asset write off is expected to be extended to incorporated businesses under the same turnover threshold.

Who's going to tune in tonight?

Source: Smart Company
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