A WAGGA family business is considering hiring extra staff or buying new equipment on the back of the government’s tax cuts.
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The small business tax rate will be lowered one percentage point to 27.5 per cent and the turnover threshold for small businesses able to access it will be increased from $2 million to $10 million.
Co-owner of a Wagga commercial catering equipment company Phil Wilson said his business was in lock-step with how flush locals felt.
“Hopefully a few tax cuts puts a few extra dollars in people's pockets and they’re willing to have extra night out,” Mr Wilson said.
“That will boost the bottom line of local restaurants, who then go out and finally replace the oven we've been keeping going for two or three years.”
Mr Wilson also hopes to benefit from bigger businesses being able to write-off purchases of equipment worth $20,000 until June 2017.
