Federal Government taxation and registration changes a win for Victorian small business

VECCI Chief Executive Mark Stone has welcomed the Federal Government’s announced support for start-up businesses and entrepreneurship as part of its Jobs and Small Business package to be included in next week’s federal budget. 

"Victorian new business start-ups will benefit from July 2016 by being able to deduct professional costs associated with starting a business immediately, whereas currently costs must be written off over five years," Mr Stone said.

"Business start-ups will also save time and money during registration, as the current fragmented process will be streamlined through a single online registration site.

"These changes are consistent with VECCI Small Business Taskforce’s “Small business. Big opportunities” recommendations to support small business growth. 

"As part of the united chamber movement’s national “Small Business. Too Big to Ignore” campaign prior to the 2013 federal election, we commend the Federal Government’s focus on small business development."

The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the most influential business organisation in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

vecci.org.au

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