BUDGET A WIN FOR SMALL BUSINESS | JAMES PEARSON SKY NEWS INTERVIEW
James Pearson, CEO of the Australian Chamber of Commerce and Industry, says the instant asset write-off expansion in the 2019 federal budget is good news for small business.
The threshold has been increased from $25,000 to $30,000 per claimable asset, and eligibility has expanded to include businesses with a turnover of less than $50 million.
Mr Pearson emphasises that multiple assets of up to $30,000 in value can be claimed, adding that business owners should take advantage of it for equipment upgrades, technology and to increase their ability to compete in the market.
Watch the full interview on Sky News here: http://bit.ly/2WHCj17