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Why don't YOU make a pre-Budget submission to extend the Small Business Instant Asset Write-Off?

Discussion in 'Australia' started by Jack Malarkey, Dec 22, 2016.

  1. Jack Malarkey

    Jack Malarkey Well-Known Member

    Location:
    Canberra
    Did you know that you can make a submission NOW on line via the Treasury website for the 2017-18 Australian federal Budget?

    Budget Day is Tuesday 9 May 2017. You need to make your pre-Budget submission by Thursday 19 JANUARY 2017.

    Here is the link you need: http://www.treasury.gov.au/ConsultationsandReviews/Consultations/2016/2017-Prebudget-submissions. See 'make a submission' on the top right.

    You may wish to submit that the Government seek to make the Small Business Instant Asset Write-Off an ongoing feature of the Australian income tax system or at least extend it by three years.

    The Small Business Instant Asset Write-Off gives small business operators (including Uber drivers) the option of claiming capital purchases (for example, cars) of up to $20,000 as an outright deduction rather claiming over several years.

    Under current legislation, the option of claiming the outright deduction ends on 30 June 2017.

    Removing or extending the cut-off date would be welcome news to many Uber drivers and other small business operators. It would help with cash-flow and reduce impediments to drivers regularly updating cars and other capital purchases.

    Why don't you make a quick submission in the next few days?
     
  2. pajala

    pajala Active Member

    Location:
    Melbourne
    Done great idea
     
    Jack Malarkey likes this.
  3. Jack Malarkey

    Jack Malarkey Well-Known Member

    Location:
    Canberra
    That's tremendous, pajala. Thanks for doing that.
     
  4. Jack Malarkey

    Jack Malarkey Well-Known Member

    Location:
    Canberra
    We now have only one week left in which to make a pre-Budget submission. They need to be in by Thursday 19 January 2017.

    Making a pre-Budget submission isn't difficult and might well make a big difference to Uber drivers and other small business people.
     
  5. Jack Malarkey

    Jack Malarkey Well-Known Member

    Location:
    Canberra

  6. JohnnyDee

    JohnnyDee Well-Known Member

    Location:
    Australia
    Good evening Jack, the thanks must be passed onto your good self; you took the time and made the effort to make it known to all :)

    well done
     
    Jack Malarkey likes this.
  7. pajala

    pajala Active Member

    Location:
    Melbourne
    Yep great work mate
     

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