Maria’s joy on the budget’s small businesses support
THE 2015 Federal Budget is one of the few that Rockhampton's Maria Ellrott has been happy to see.
And it's all because of the boost this year's budget is offering to small business owners.
Maria, owner of local antique and collectables shop House of Treasures, said she felt like small businesses were getting more support from the government this year.
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"I think any stimulus to help small businesses is wonderful because without small business, communities aren't going to function," she said.
"Given what we've had in the past and what we're being offered now, I think anything to help small businesses at this stage has to be a bonus. The government supporting small business is going to help enormously in more ways than one."
Joe Hockey announced on Tuesday that small businesses would immediately be able to deduct any asset that cost less than $20,000 which is a giant step up from the current $1000 threshold.
Maria said going from $1000 to a $20,000 figure was mind-blowing.
"In our respect, we're going to be opening up a new business in Rockhampton in the near future so this new figure is going to help us enormously," she said.
Capricornia MP Michelle Landry said this year's budget was the biggest small business initiative in Australia's history.
"Small business is one of the biggest employers and the engine room of our economy," Ms Landry said.
"The budget's $5.5 billion Growing Jobs and Small Business package is going to help small businesses in Capricornia invest more, grow more, and employ more and will help Capricornia's and Australia's economic future."