NEARLY 40,000 small businesses in NSW are now up to $8175 better off per year following a second cut to payroll tax in 12 months.
The payroll tax bracket was lifted from $850,000 to $900,000 on July 1, as the NSW Government progressively raises the threshold from $750,000 to $1 million by 2021-22.
The savings benefit thousands of businesses across NSW and will mean total savings of around $880 million by the time the full effect of the changes come in to effect in 2021-22. Not only are tens of thousands of businesses paying less payroll tax, around 3000 businesses no longer have any payroll tax liabilities following the changes.
Small businesses are the lifeblood of the NSW economy, employing about 50 per cent of the total NSW workforce and generating close to $51 billion in annual wages.
We're making it easier to do business in NSW and, coupled with the Federal Government's recent income tax cuts announcement, this will continue to power the NSW economy.
HAVE YOUR SAY
THIS is your big chance to pick your favourite projects and help them become a reality.
It's great to see the NSW Government going out to the people with the 2019 My Community Project public vote opening on Monday, July 15.
There are 26 projects from right across the Bathurst electorate, including Kandos, Neville, Bathurst, Sofala, Perthville, Wattle Flat, Lithgow, Eglinton, Blayney, Rylstone and Oberon, in the running.
The project that proves most popular through the public vote will receive My Community funding.
It's easy. Just go online to mycommunityproject.service.nsw.gov.au or call in at your local Service NSW Centre. For further information, just call 13 77 88. Voting closes on August 15.
LOCAL businesses are being encouraged to support disability inclusion and become a Companion Card affiliate. People with disability should have every opportunity to participate in our community.
I urge all recreational businesses across our region to sign up to become an affiliate today and show their support to people with disability and their carers.
The program has been helping people with lifelong disability participate in their community for more than 10 years by providing free entry to events and activities for family members, friends, volunteers or paid carers.
Companion Card affiliates include entertainment venues, health and fitness facilities, transport organisations and more. Visit www.companioncard.nsw.gov.au.