Small Business Tax Deductions in the 2015 Federal Budget
The new Federal Budget released in 2015 has announced welcoming news of tax deductions for small businesses. The new deductions will reduce the tax revenue for the government in the short term but it will be recovered over the long term. The Federal Government’s new budget has a $5.5 billion small business package at the center of the new budget, aimed at sparking small business growth through tax deductions. Small Business Tax Deductions All small businesses that have a turnover that is less than $2 million a year will have the ability to deduct a single asset that has a […]
