Anyone thinking of cashing in on this perk that comes into effect on July 1, designed to support small business?
Eligibility criteria:
– need to be running a small business with turnover less than $50K to get full offset. (For every $1,000 over $50K, the offset discount reduces by 1%, ie, phases out completely at $75K).
– high-turnover, low-margin small businesses may not qualify. Eligibility criteria favours low-turnover, high margin businesses.
Cheers,
Jason.I thought about it… But as the article says $75k turnover (not profits) is quite low… I hope to be making more than that [biggrin]
http://businessnetwork.smh.com.au/articles/2005/04/22/2089.html
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