It seems that the Federal Budget is largely positive for Australian small business. Out of this year's Budget, they pointed to the extension of one year for the $20,000 instant asset tax write-off. This is great news and to make it accessible to businesses with revenue up to $10 million, is welcome news.
It encourages business growth and is exactly the incentive we need for businesses to keep investing in their IT infrastructure for their business which is critical for them to become more efficient and increase innovation.
We all know that small businesses are at the heart of the Australian economy, and it is great to see the Government continuing its commitment to make it easier to run a business.