Labor’s plan for all small businesses

Federal Labor appreciates the important contribution small businesses make to national prosperity and to supporting jobs. That’s why, when the Global Financial Crisis hit, Federal Labor stepped in with practical measures to help small businesses and support the economy, including:

The $42 billion Nation Building – Economic Stimulus Plan.
Extra tax breaks for small business.
Small Business Advisory Services.
Small Business Support Line.
Tax Office advice and assistance.
Cash flow assistance with Pay-As-You-Go tax instalment reductions.
Apprenticeship completion payments.
On-time payment guarantee for small businesses.

The Gillard Labor Government kept the economy growing despite the Global Financial Crisis and is the only party with a clear plan for a strong economy in the future.

That’s why we will provide tax relief and cut red tape for all small businesses, with instant write-offs for assets costing up to $5,000, simpler depreciation rules and a head start on company tax cuts.

The cost of this announcement will be fully offset over the forward estimates, consistent with the Gillard Labor Government’s commitment to return the Budget to surplus in 2013 – three years ahead of schedule.

Only Labor Stands for Tax Relief for All Small Businesses - Fact Sheet