Treasurer Scott Morrison MP was in the Forde electorate on Tuesday, May 17 to visit a number of local businesses that will benefit from the Turnbull Government’s tax cuts to small business.
Federal Member for Forde, Bert van Manen MP said the visit was a good opportunity to engage with local business people who will benefit from the small business tax cut threshold changes.
“There are more than 11,000 small businesses in my electorate of Forde,” Mr van Manen said.
“Last year we provided a tax cut to small businesses with an annual turnover of up to $2 million, and this year we improved on that to include businesses with an annual turnover of up to $10 million.”
“The tax cut will come in on July 1 this year, before the election, and it will be paid for through our Government’s measures to crack down on multinational companies who avoid paying tax in Australia.”
Mr van Manen said he and Mr Morrison visited Focus Productions and Swagman Motorhomes at Yatala.
“Both businesses have a turnover of just over $2 million, and while Bill Shorten thinks these people are rich and don’t deserve it, he couldn’t be further from the truth.
“Joel and Kelley from Focus Productions employ 16 staff, including one apprentice. They are a fantastic small business providing local employment, and with the small business tax cut they will be able to look at expanding their business and putting on new staff.
“Swagman Motorhomes at Yatala is in a similar position. Sole owner operator Dave employs 13 staff, including one apprentice young and three employees are in their 60s.
“The tax cut will allow Dave to look at expanding his clothing line and he said it also opens up doors to export opportunities.”
Mr van Manen said both businesses were excited to have Treasurer Scott Morrison visit their workplace.
“Mr Morrison is hearing first-hand the grassroots feedback that helps us develop important policies and initiatives like our small business tax cuts and instant asset write-off measures.
“We want to grow our economy and create more jobs and we can do that by helping small business, the backbone of our economy.”