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Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16
Charlotte holding a cup of coffee

Growing Charlotte's Café

Charlotte has an idea for a new café.

With Budget 2015...

  • Business registration is streamlined
  • Immediate deductibility of professional expenses associated with starting up the business
  • Able to immediately write off each and every asset costing less than $20,000 she buys for her café – tables, chairs, coffee machine, fridge
  • A 5 per cent tax discount on her business income (as an unincorporated business with annual turnover of less than $2 million)
  • Moves from being a sole trader to a trust – gets CGT rollover relief so no CGT liability at that time
  • Access support through jobactive to find the right staff quickly
  • Brings in a local teenager, Paul, for work experience, then gets a wage subsidy as Paul settles into the business