What the new budget measures ACTUALLY mean to you as a trade business owner
With the new budget measures that came into effect on the 12 of May 2015, there’s a real opportunity for tradies to reassess their positioning in the market and consider investing in equipment likely to generate more business. The new rules allow small businesses to write off assets up to the value of $20,000 in the financial year they are purchased, rather than depreciating them over time. This is great news for those wanting to grow their business and could have an immediate positive impact on your profitability.
For example, a maintenance plumber is running his business as a company. The business purchases a new high pressure water jet drain cleaning machine for $13,750 and a new electric eel for $3500 to try and specialise in the niche market of drain clearing. Under current tax rules, because these assets each exceed the current $1000 threshold, they would be included in an accelerated depreciation pool. Of their combined $17,250 cost, only 15%, or $2588, would be depreciated in the first year. With a company tax rate of 30%, this means that the company would only get $776 back on its tax in the first year.
Under the new $20,000 threshold, the company can claim an immediate deduction for both the new high pressure water jet and electric eel, giving an immediate deduction of $17,250. With the new small business company tax rate of 28.5% from 1 July 2015, the company will get $4916 back on its tax. So, under the new $20,000 threshold for accelerated depreciation, the company would receive an additional cash flow benefit of $4140. This could be a great opportunity to tool up and generate more cash flow in your business.
The rule came into effect on Budget night, so it is valid for any asset acquired from 12th May, 2015 and 30 June 2017. It will last for the balance of this financial year and the next two. There is no limit to deductions, however the cost of each asset must be under the $20,000 limit.
This information is accurate but generic in nature, and we encourage you to gain professional advice relevant to your specific circumstances in relation to tax planning.
For more information on how to improve your cash flow and our programs to develop your business skills – check out our
Impact Coaching Program CLICK HERE
or call us on (02) 8011 4855 or 1300 665 922.
I always used to read article in news papers but now
as I am a user of internet thus from now I am using net for articles or reviews, thanks to web.
Yes! Finally something about how to get help in windows 10.
It’s wonderful that you are getting ideas from this post as well
as from our discussion made at this time.
This page truly has all of the information and facts I
wanted concerning this subject and didn’t know who
to ask.
Hi there i am kavin, its my first time to commenting anywhere, when i read
this post i thought i could also make comment due to this good piece of writing.
When some one searches for his essential thing, thus he/she wants to be
available that in detail, thus that thing is maintained over here.
Hmm is anyone else encountering problems with the pictures on this blog loading?
I’m trying to determine if its a problem on my end or if it’s the blog.
Any feed-back would be greatly appreciated.
Way cool! Some extremely valid points! I appreciate you
writing this article and the rest of the site is extremely
good.
Wow! This blog looks exactly like my old one! It’s on a
entirely different subject but it has pretty much the
same page layout and design. Great choice of colors!
Sweet blog! I found it while browsing on Yahoo News. Do you have any suggestions on how to
get listed in Yahoo News? I’ve been trying for a while but I never seem to get there!
Thanks
Very nice write-up. I definitely love this website.
Thanks!
Oh my goodness! Impressive article dude! Thank you so much, However I am experiencing difficulties with your RSS.
I don’t understand why I can’t join it. Is there anyone else having similar
RSS problems? Anyone who knows the solution will you kindly respond?
Thanks!!
Hello There. I found your blog using msn. This is a
very well written article. I’ll be sure to bookmark it and return to read more of
your useful info. Thanks for the post. I’ll definitely return.
What’s up everybody, here every one is sharing these kinds of
familiarity, thus it’s nice to read this blog, and I used to pay a
quick visit this weblog everyday.
Everything is very open with a really clear explanation of the issues.
It was definitely informative. Your site is useful. Thank you
for sharing!
Really when someone doesn’t know after that
its up to other viewers that they will assist, so here it happens.
What a material of un-ambiguity and preserveness of precious experience concerning unpredicted feelings.
I’m amazed, I have to admit. Rarely do I encounter a blog that’s both educative and
engaging, and let me tell you, you have hit the nail on the head.
The problem is something too few people are speaking intelligently
about. Now i’m very happy that I found this in my search for something concerning this.
This excellent website really has all of the information and
facts I wanted about this subject and didn’t know who to ask.
Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter
and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear
and screamed. There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is totally off topic but I had to tell
someone!
What’s up to all, the contents existing at this web site are really remarkable for people experience,
well, keep up the good work fellows.
It’s a pity you don’t have a donate button! I’d definitely donate to this brilliant blog!
I guess for now i’ll settle for bookmarking and adding your
RSS feed to my Google account. I look forward to fresh updates
and will share this blog with my Facebook group. Chat soon!
of course like your website however you have to check the spelling on several of your posts.
Many of them are rife with spelling problems and I in finding it very
troublesome to tell the reality however I’ll certainly come again again.
Hi everyone, it’s my first pay a quick visit at this website, and piece of writing is actually fruitful in support of me, keep up posting
such articles.
Its like you read my mind! You seem to know a lot about this,
such as you wrote the book in it or something.
I feel that you simply could do with some p.c. to force the message house a bit,
however other than that, this is excellent blog. A fantastic read.
I’ll definitely be back.
Wow, marvelous blog layout! How long have you
been blogging for? you make blogging look easy.
The overall look of your site is wonderful,
let alone the content!
I know this web site gives quality based posts and additional data, is there any other site which provides these kinds of data in quality?
It’s wonderful that you are getting thoughts from this post as well as from our discussion made at this time.
Wow, incredible blog layout! How long have you been blogging for?
you made blogging look easy. The overall look of your
website is magnificent, as well as the content!
It is not my first time to go to see this web site, i am browsing this site dailly and obtain pleasant information from
here every day.
Hi there just wanted to give you a quick heads up. The text in your article seem to be running off the screen in Internet explorer.
I’m not sure if this is a format issue or something to do with web browser compatibility but I
thought I’d post to let you know. The style and design look great though!
Hope you get the problem solved soon. Thanks
Appreciate the recommendation. Let me try it out.
Good post. I learn something new and challenging on sites I stumbleupon everyday.
It will always be helpful to read articles from other writers
and practice something from other sites.
I visit everyday some blogs and websites to read articles or reviews, however this website gives quality based writing.
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your site?
My website is in the exact same area of interest as yours
and my visitors would certainly benefit from a lot of the information you present here.
Please let me know if this okay with you. Regards! natalielise plenty of fish
Good day! I know this is kind of off topic but I was wondering if you knew
where I could get a captcha plugin for my comment form? I’m using
the same blog platform as yours and I’m having trouble finding one?
Thanks a lot!
I’m extremely impressed along with your writing skills and also with the structure to your blog.
Is this a paid subject or did you customize it your self?
Anyway keep up the nice high quality writing, it is uncommon to see a great
weblog like this one nowadays..
You have made some good points there. I checked
on the internet to learn more about the issue and found most people will go along with your views on this web site.
plenty of fish natalielise
You actually make it seem really easy along with your presentation but I find this matter to be actually something
that I think I’d by no means understand. It seems too complicated and very large for me.
I’m taking a look forward on your next submit, I’ll attempt to get the hold
of it!
Thank you, I have recently been looking for info about this subject for ages and yours is the greatest I’ve came upon so far.
But, what in regards to the bottom line? Are you sure in regards to the source?
Hi there, I log on to your blog like every week. Your story-telling style is witty,
keep doing what you’re doing!
If you wish for to obtain a good deal from this article then you have to apply these techniques to your won blog.
I really like your blog.. very nice colors & theme.
Did you design this website yourself or did you hire
someone to do it for you? Plz answer back as I’m
looking to construct my own blog and would like to
find out where u got this from. kudos
Hey there terrific blog! Does running a blog such
as this take a large amount of work? I’ve absolutely no
knowledge of coding but I was hoping to start my own blog in the near future.
Anyway, if you have any suggestions or techniques for
new blog owners please share. I understand this is off topic but I simply needed to ask.
Thanks a lot! plenty of fish natalielise
Hi! I know this is kind of off topic but I was wondering which blog platform are you using for this
site? I’m getting fed up of WordPress because
I’ve had issues with hackers and I’m looking at alternatives for
another platform. I would be awesome if you could point me in the direction of a good platform.
natalielise plenty of fish
I don’t even know how I ended up right here, however I assumed this put
up used to be great. I don’t recognize who you’re but definitely
you are going to a famous blogger should you aren’t already.
Cheers!
Hi there everyone, it’s my first pay a quick visit at
this website, and post is really fruitful in favor of me,
keep up posting such posts.
I was suggested this website by my cousin. I’m
not sure whether this post is written by him as no one else know such detailed
about my difficulty. You are incredible! Thanks!
I was curious if you ever considered changing
the structure of your site? Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so people could connect with
it better. Youve got an awful lot of text for only
having one or two pictures. Maybe you could space it
out better?
I am regular reader, how are you everybody?
This piece of writing posted at this website is really
good.
You actually make it appear really easy together with your presentation however I find this matter to be actually one thing which I think I might by no means understand.
It seems too complex and very large for me. I am taking a look forward for your subsequent submit, I will try to get the dangle of it!
Greate post. Keep posting such kind of info on your site.
Im really impressed by your blog.
Hello there, You have performed a fantastic job. I’ll certainly digg it and for my part recommend to my friends.
I’m confident they will be benefited from this website.
This is my first time go to see at here and i am really pleassant to read
all at one place.
Hi, this weekend is good designed for me, for the reason that this occasion i am reading this enormous informative piece of
writing here at my house.
Hello there I am so grateful I found your site, I really found
you by error, while I was browsing on Askjeeve for something else, Anyways I am
here now and would just like to say kudos for a
remarkable post and a all round interesting blog (I also love
the theme/design), I don’t have time to read through it all at the minute but I
have saved it and also added your RSS feeds, so when I have time I will be back to read more, Please do
keep up the awesome work.
Good day! I could have sworn I’ve been to this blog before but after reading through some of
the post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be book-marking and checking back often!
A motivating discussion is worth comment.
There’s no doubt that that you ought to write more about this subject matter, it might not
be a taboo matter but generally people don’t discuss such issues.
To the next! Many thanks!!
Greetings! Very helpful advice within this post! It is the little changes that produce the greatest
changes. Many thanks for sharing!
Excellent article. I will be going through many of these
issues as well..
Aw, this was a very good post. Spending some time and
actual effort to produce a really good article… but what can I say… I procrastinate a lot
and never seem to get nearly anything done.
Hi there, I log on to your blog like every week. Your writing style is awesome,
keep up the good work!
Every weekend i used to go to see this web site, because i wish for
enjoyment, since this this web page conations really good funny information too.
This is my first time pay a visit at here and i am
actually impressed to read everthing at single place.
Oh my goodness! Impressive article dude! Thank you so much, However I am going through difficulties
with your RSS. I don’t understand why I am unable to subscribe to it.
Is there anyone else getting identical RSS issues? Anyone who knows the solution will you kindly respond?
Thanx!!
Excellent blog here! Also your site loads up very fast!
What host are you using? Can I get your affiliate link to your host?
I wish my website loaded up as fast as yours lol
Hello, every time i used to check website posts here in the early hours in the daylight, for the reason that i
like to learn more and more.
It’s a shame you don’t have a donate button! I’d definitely donate to
this outstanding blog! I guess for now i’ll settle for book-marking
and adding your RSS feed to my Google account. I look forward to fresh updates and will share this blog with my Facebook group.
Chat soon!
We are a group of volunteers and starting a new scheme in our community.
Your web site offered us with valuable info to work on. You have done a formidable job and our whole community will be thankful to you.
Great goods from you, man. I have understand your stuff previous to
and you are just too magnificent. I actually like what
you have acquired here, certainly like what you are stating and
the way in which you say it. You make it entertaining and you still take care of to
keep it smart. I cant wait to read far more from you.
This is actually a tremendous web site.
Woah! I’m really digging the template/theme of this website.
It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between user friendliness and appearance.
I must say that you’ve done a excellent job with this.
Additionally, the blog loads super fast for me
on Firefox. Exceptional Blog!
You ought to take part in a contest for one of the finest sites online.
I will highly recommend this web site!
Great article! That is the type of information that are supposed to be
shared across the web. Disgrace on the search engines for not positioning this submit upper!
Come on over and talk over with my site . Thanks =)
Outstanding story there. What happened after? Take care!
Awesome site you have here but I was wanting to know if you
knew of any message boards that cover the same topics talked about in this article?
I’d really love to be a part of group where I can get suggestions from other experienced individuals that share the same interest.
If you have any suggestions, please let me know.
Bless you!
Wonderful site. A lot of useful info here. I’m sending it to several friends ans also sharing in delicious.
And certainly, thank you on your sweat!
naturally like your website however you have
to test the spelling on quite a few of your posts. A number of them are rife
with spelling problems and I in finding it very troublesome to inform the truth on the other hand I’ll surely come back again.
After I initially left a comment I appear to have clicked on the
-Notify me when new comments are added- checkbox and from now on each time a comment is
added I receive 4 emails with the exact same comment.
Perhaps there is a way you are able to remove me from that service?
Many thanks!
I’m not that much of a internet reader to be honest but your sites really nice, keep it up!
I’ll go ahead and bookmark your site to come back later on. Many thanks
I really liked your blog post.Thanks Again. Great.
Way cool! Some very valid points! I appreciate you penning this write-up and the rest of the site
is very good.
I constantly emailed this blog post page to all my friends, because if like to read it next
my links will too.
After I initially left a comment I appear to have clicked the -Notify me when new comments are
added- checkbox and from now on whenever a comment is added
I get 4 emails with the same comment. Perhaps there is a way
you can remove me from that service? Kudos!
Wow, this article is good, my sister is analyzing such things, so
I am going to tell her.