More than 370,000 building businesses will benefit from the Government’s decision to fast track tax relief for SMEs.
“This is great news for builders, including the many who are sole traders, and the economy,” Denita Wawn, CEO of Master Builders Australia said.
“We have more small businesses in building and construction than any other sector of the economy and this is a heartland issue for Master Builders. We have been very direct in calling for greater tax relief for these businesses and the Government’s move is absolutely the right thing,” she said.
“Bringing forward small business tax relief for SME builders will motivate them to invest more in their businesses including plant and equipment and training, engage more tradies and train more apprentices,” Denita Wawn said.
“SME tax relief is a no-brainer which will be strongly supported by small builders and tradies around the country. We call on everyone in the Parliament to back the legislation when it’s introduced,” Denita Wawn said.