australian federal budget 2015 small business winners

1
NOW... Tax Offset for Others Restart Subsidy From 1 Apr 2016 From 1 Nov 2015 From 1 July 2016 Start-Up Costs FBT exemption for Small Businesses for multiple mobile electronic devices over 12 months for older employees paid to employers CGT Roll-Over Relief No CGT for small businesses when changing legal structure Immediate deduction for professional services costs (like Accounting costs) for small business start ups 8 WAYS FOR YOUR There are plenty of exclusions, rules and regulations attached to all these changes so don’t miss out on the rebates and incentives you’re business is entitled to. Speak to the Bentleys tax consulting team to see what you are eligible for. Small Business to Benefit from The Budget SMALL BUSINESS ARE WINNERS & GRINNERS for Small Business to spend on deduct i ble asset/s $ 20k Instant write-offs reduction in tax liability (max $1,000) for Small Business 5 % $ 10,000 FROM 1 JULY 2015... rate reduction for Small Business 1.5 % Tax Relief for Companies T +61 8 9226 4500 W bentleys.com.au/wa Think Ahead. Talk to Bentleys Today. SOURCE: www.budget.gov.au Ross Prosper Taxation & Business Services Assoc Director Employee Share Schemes (ESS) More entities eligible and extending the CGT discount , to attract new skills and talent

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Page 1: Australian Federal Budget 2015 Small Business winners

NOW...

Tax Offset for Others

Restart Subsidy

From 1 Apr 2016

From 1 Nov 2015

From 1 July 2016

Start-Up Costs

FBT exemption for Small Businesses for multiple mobile electronic devices

over 12 months for older employees

paid to employers

CGT Roll-Over ReliefNo CGT for small businesses when changing legal structure

Immediate deduction for professional services costs (like Accounting costs) for small business start ups

8 WAYS FOR YOUR

There are plenty of exclusions, rules and regulations attached to all these changes so don’t miss out on the rebates and incentives you’re business is entitled to.  Speak to the Bentleys tax consulting team to see what you are eligible for.

Small Business to Benefit from The Budget

SMALL BUSINESS ARE WINNERS & GRINNERS

for Small Business to spend on deductible asset/s

$20k Instant write-offs

reduction in tax liability (max $1,000)

for Small Business5%

$10,000

FROM 1 JULY 2015...

rate reduction for Small Business1.5%

Tax Relief for Companies

T +61 8 9226 4500 W bentleys.com.au/wa

Think Ahead. Talk to Bentleys Today.

SOURCE: www.budget.gov.au

Ross Prosper Taxation & Business Services Assoc Director

Employee Share Schemes (ESS)

More entities eligible and extending the CGT discount, to attract new skills and talent