Master Electricians Australia (MEA) is calling for bipartisan support for a tax cut that would allow small businesses to take staff or clients out for a meal and claim the costs back.
It follows Opposition Leader, Peter Dutton pledging a capped $20,000 tax deduction if the Coalition wins the upcoming Federal Election.
MEA CEO Kate Raymond says at a time where the cost-of-living crisis is hitting business owners on multiple levels, both sides of Government pledging the tax relief would go some way to easing the fiscal pressures.
“Staff retention is an important role in running a successful business.
If our members can claim back what they spend on boosting staff morale and wellbeing, we absolutely welcome that” Ms Raymond said.
Mr Dutton’s promise applies to businesses with a turnover under $10 million and applicable to any work-related dining and entertainment for staff or clients, excluding alcohol.
The MEA is continuing to advocate for a $50,000 instant asset write-off with some success.
Following the Albanese Government announcing it will be extending its $20,000 instant asset write-off, the Federal Opposition pledged to increase that to $30,000 on a permanent basis.
“The costs of running a business are going up due to inflation, and the number of customers is going down for the same reason,” Ms Raymond said.
“The MEA welcomes all policies that ease the tax burden on our members, and all small businesses”.
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