More than 19,534 businesses across Cairns and Far North Queensland have already taken advantage of the Morrison Government’s hugely popular instant asset write-off initiative.
It is through a strong economy the federal government can continue to back small businesses across the region.
Federal Leichhardt MP Warren Entsch today visited Edge Hill Butchery where owners Rod and Julie Leaver discussed how the initiative had helped their business.
He said the government would always back small businesses because they are the engine room of our economy.
“Our instant asset write-off initiative is specifically targeted to family owned and operated businesses like Edge Hill Butchery,” Mr Entsch said.
“We have expanded the program from $20,000 to $30,000 to help business owners invest in new machinery and equipment.
“We have delivered this initiative through building a economy, not by increasing taxes.
“Keeping our economy strong is how we secure your future, your wage, your job, your business and the business you work for.”
Mr Entsch said the federal government had also delivered tax relief for more than 19,481 small businesses owned and operated by everyday Far North Queenslanders.
“The Morrison Government is building a stronger economy whereas the Labor Party want to slug you with $387 billion in additional taxes,” he said.
“Far North Queenslanders need to remember, everytime Labor open their wallets, you need to check yours.”
Cairns Chamber of Commerce president Nick Loukas said the government’s instant asset write-off scheme was a great initiative for small and medium-sized businesses.
“It is great to see the government extend this scheme and all Far North Queensland small to medium-sized businesses should be taking advantage of it,” Mr Loukas said.
“Make sure you review your financials and speak to you accountant before the end of the financial year so you do not miss out on this opportunity.”