For some strange reason, it appears many SMEs have been slow to take advantage of the federal government’s budget stimulus package.
After all, this is an offer too good to refuse.
The federal government has invited Australians operating small businesses – and there are millions of them – to go on a spending binge for two years to stimulate the economy.
The new package has been designed to lift business and consumer confidence – both of which have been in the doldrums in recent months.
Forget the political hype, this small business budget package, estimated to be worth $5.5 billion to SMEs provides an unprecedented opportunity for manufacturers to spend, spend, spend.
It includes an immediate tax deduction on asset purchases of up to $20,000 – applied to an unlimited amount of purchases. Everything, literally including the kitchen sink, is available for a tax deduction for businesses that earn less than $2 million a year in revenue.
As Treasurer Joe Hockey said in his Budget speech: "If you run a cafe, it might be new kitchen equipment, or new tables and chairs. If you're a tradie, it might be new tools or a computer for the home office. Cars and vans, kitchens or machinery ... anything under $20,000 is immediately 100 per cent tax deductible from tonight."
And you don't have to have a company, just an ABN.
I’m amazed more businesses have not been falling over themselves to take advantage of these generous tax deductions.
The good news is, this offer applies for the next two financial years – so it’s not too late.
And there has never been a better time for advertisers to take advantage of this new incentive scheme.
Combined with record low interest rates and a steadily falling Australian dollar it has given our industry an enormous boost.
For companies offering equipment valued at $20,000 or less, now is the perfect time to sell, sell, sell.
Industry Update has many thousands of readers in the under $2 million dollar bracket so this is a great opportunity to reach them.
As I said when this new initiative was first announced, we are not suggesting companies should spend beyond their means.
But if you need to make a capital purchase, this is the ideal time to do it.
If each company buys just one item under the new stimulus package, it will make a huge difference to the nation’s economy.
And what better way to spread the word than by advertising with Industry Update.
We are the only publication in the manufacturing sector still breaking records!