Business owners welcome budget

Tax break for equipment will help relieve pressure

OKAY: Butcher Garry Smith from Smith’s Family Butchers says the budget was good for his business.

WHILE some Strathbogie Shire businesses have welcomed the tax breaks for small operators announced in last week’s Federal Budget’s, others claimed the move wouldn’t affect them.

Garry Smith from Smith’s Family Butchers in Euroa said while the budget was good for small business in general, the $20,000 instant asset write-off wasn’t applicable to his business.

“It’s a bit late for me. Seven years ago I had to go out buy new equipment. The saw was had it and the mincer was on the way out,” Mr Smith said.

“I spent $30,000 and that tax break would have been really handy then but it’s just come at the wrong time for us.”

He said even with the incentive he wouldn’t consider going out and spending that sort of money in the current economic climate.

“There’s not enough business confidence out there,” Mr Smith said.

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