Small business and general business tax break ends 31st December 2009

Businesses can claim an additional tax deduction when they buy certain assets, and when they spend money to improve existing assets, for a limited time. It’s called the Small Business and General Business Tax Break – ‘business tax break’ for short.

The Australian Government announced the tax break as an ‘investment allowance’ in December 2008 aimed at helping businesses meet the challenges of the economic downturn.

The government later extended this tax break in the May Budget to allow small businesses to claim a 50% tax deduction on eligible assets bought by 31 December 2009.

Source  :   www.ato.gov.au

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Extend Cash Incentives To Nurses Who Want To Work In General Practice, Australia

The AMA wants the government cash incentive scheme designed to lure nurses back into the workforce to be extended to include nurses who want to work in general practice.

It was reported this week (The Australian, 27 August 2009) that the Federal Government’s program to bring nurses back into the workforce was failing to meet targets, with only 541 nurses recruited.

AMA President, Dr Andrew Pesce, said nearly $40 million over five years in funding had been set aside for the Bringing Nurses Back Into The Workforce program and it was vital that the money was used effectively.

“The Government’s initiative is too restrictive because it only targets public hospitals, private hospitals and aged care facilities,” Dr Pesce said.

“The Bringing Nurses Back Into The Workforce program ignores the important contribution that nurses can make in other parts of the health sector such as general practice.

“The program’s guidelines should be relaxed so that nurses who want to return to the workforce to take up a position in general practice will be eligible for funding.”

Around 60 per cent of general practices employ practice nurses who work collaboratively with doctors.

“General practice can offer nurses a very rewarding career and a great work/life balance,” Dr Pesce said.

“Getting more nurses into general practice supports multidisciplinary care and will free up GPs to see more patients.”

The AMA also believes general practices should be better supported to employ practice nurses by making practice nurse grants available to all general practices and ensuring that the Medicare Benefits Schedule recognises the full scope of patient care that GP practice nurses can provide.

Source
Australian Medical Association

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WA small firms lead recovery from crisis

Signs are emerging that the worst of the global financial crisis is over, according to a new survey, and the State’s small businesses are leading the way.
  
The Commonwealth Bank-Chamber of Commerce and Industry quarterly survey of business expectations, released yesterday, shows that economic conditions in WA appear to be stabilising after six months of decline.
  
CCI chief economist John Nicolaou said that the community could “take heart” from the results and that an economic recovery within the next 12 months was on the horizon.
  
“This survey is an important lead indicator of future economic activity,” he said.
  
“While just over half of all businesses remain pessimistic about the next 12 months, that’s come back from around 75 per cent of businesses that were pessimistic last quarter, and at the same time businesses that think conditions will improve (over the same time) has doubled.”
  
Mr Nicolaou said small businesses in service industries were the most optimistic, with 17 per cent of the firms surveyed believing conditions would improve over the next 12 months.
  
Beaumonde Catering owner Mark Dimmitt said he felt small business was better prepared for the slowdown than in other downturns because it had taken time to flow to Australia from the US.
  
He said that though his trade had been affected and was patchy, February was a record month for his 20-year-old business and he expected an upturn over the next year.
  
Woolworths regional manager Brad Bolin criticised “illogical barriers to doing business”, referring to trading hours in WA.
  
Mr Bolin said “conservative estimates” showed the group would need to employ another 300 staff in WA if trading hours were extended to 9pm.
  
“During this time of economic uncertainty there are still companies (looking) to hire more people — these efforts shouldn’t be undone by illogical barriers to doing business,” he said.
  
Coles and Kmart have said they expected to employ another 350 workers if 9pm trading was approved.

Source www.thewest.com.au

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Barnett’s 9pm shop hours plan under threat

Perth  shops may be staying open until 7pm or 9pm.                                                                                         

Colin Barnett  preference for 9pm is already being challenged by Labor MPs insisting on a 7pm closing time.

Colin Barnett wanting extended shopping hours 9pm, while remaining opposed to relaxing the restrictions on Sunday trading, he needs Labor support to pass the changes. 

National Party leader Brendon Grylls, has stated he will not support the Liberals on any extensions to weeknight trading hours. 

Mr Catania this week circulated a letter to his colleagues urging them not to support more shopping hours in Perth. 

Oppostion feel there is no need to change the current trading hours in WA . 

They feel they will  only benefit Coles and Woolworths , no other retailers will open.

Harvey Norman, Myer and David Jones have stated they will continue to close the doors at 5.30pm they will not change their closing hours.

Four years ago a referendum was held and  rejected to extend trading hours.

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