Home featured Accounting Advice Cashflow Accounting Budget windfall: Have a go by spending for a better business Guest Author June 5, 2015 The Federal Government’s budget measures delivered a raft of benefits designed to encourage small businesses to ‘have a go’. While the $5.5 billion package has been well received, the questions facing Australia’s two million-plus small business owners are two-fold: what does it mean for me and what to do with the incentive? The budget offers owner-operators an incentive to expand their operation, up skill their team and provide their office with a suite of new tools to enable businesses to operate more efficiently. This is an unprecedented opportunity to re-invest in key drivers of operation. Optus is in constant conversations with our business partners and we’ve identified a pattern in their responses to this government’s budget proposal. Feedback suggests our partners are looking to re-invest any savings and ‘give-backs’ into their staff and technology. Investments will be geared towards protecting current prosperity while building a solid platform for mid to long-term growth. There may be owners and sole operators who pocket their savings. The Westpac-Melbourne Institute Small Business Index suggests small business confidence was low, however, this report was released just before the new small business measures were proposed. This budget should provide small business with confidence and an optimistic outlook for future growth. Two key measures that will benefit small businesses are: Immediate tax deductions for individual assets purchased that cost less than $20,000 The pleasant surprise