Jobs not robots – the small business advantage

Robot production line

With the implementation of the Federal Government’s tax breaks for small business announced in the May Budget, the nation’s small business owners are already buying new equipment and expanding.

Under the changes, the corporate tax rate will be reduced from 28.5 per cent to 27.5 per cent for the 2016–17 income year for small businesses. The aggregated turnover threshold to qualify as a small business has also been increased from $2 million to $10 million.

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