Tony Abbott plays to small business on tax | The Australian

The cut for small business will go to incorporated entities only. Unincorporated small businesses will receive tax relief through the reinstatement of an accelerated depreciation regime originally introduced by Labor.The government is examining raising the threshold to $10,000, which would mean companies could immediately claim the cost of various business expenses ­ranging from computers and office equipment to tools and machinery.The government wound back the accelerated depreciation ­allowance when it won office ­because it was part of the mining tax package but has been urged to reinstate it because it will bring forward spending in a soft .

Source: Tony Abbott plays to small business on tax | The Australian

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