1300 760 930 Customer Login
Jul 2018

Small business owners to benefit from income tax cuts

July 24, 2018
Capify Australia

Have you heard about the Federal Government’s new income tax cut package? Well if you are a small business owner this should be music to your ears. From 1 July, Aussie small business owners are set to have more money left in their businesses to fuel operations and growth – all thanks to a greatly welcome tax break. We are thrilled at the opportunities this opens up for small business owners, so we have put together a quick guide to help you get fully worded up on the tax cuts, quick smart.


What is the new tax cut for small business owners?

Most Aussie small business owners have a taxable income of under $100,000: 83.7% to be exact. Where this taxable income applies, the small business owner does not pay company tax so a personal tax break can make a big difference. This is exactly what the 2018 Federal Budget gives you.


From 1 July, anyone whose income falls between $19,000 and $90,000 will get a personal tax break. So are you among the 1.3 million unincorporated small Aussie businesses set to benefit from the new legislation?  Self-employed people and freelancers are also included in this tax cut eligibility. Just think, the money you save on tax can be poured directly into growing your enterprise and enhancing your products and services.


Invest your tax savings

So with a personal tax cut to help your bottom line, you have a chance to push your small business to the next level. As a small business owner, you will likely already have some good ideas about where you could allocate extra funds to best serve your specific business needs. Here are a few other ideas that may help you choose how to make your personal tax cut count for your small business:


  • Purchase new necessary equipment
  • Get a professional website developed and designed for your small business
  • Purchase new stock
  • Increase your staff pool
  • Renovate or expand your business premises


Capitalise on the new personal tax cuts. When you are ready to strategically invest your tax savings, Capify is here with flexible small business loans to support you in setting your business on a strong growth trajectory.


Source: Australian Tax Office Website


Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.

More like this

Mar 2019

How to Improve your Business From Zero to Hero in 5 Steps

March 20, 2019
Capify Australia

Your business is well and truely underway and you’re now starting to reap the rewards of your hard earned investment, congratulations! Feeling the benefits and watching your hard work and dedication come to fruition is an extremely satisfying time for any new business owner! If you are ready for the […]

Mar 2019

What the royal commission findings mean for small business.

March 14, 2019
Capify Australia

Small business funding is getting a shake-up and it is good news for both SMEs and alternative lenders. The Royal Commission has taken a two-part approach to improve the lending playing field for small business, by: acknowledging that the Australian Banking Association (ABA) Code of Banking Practice is the chief […]

Mar 2019

Understanding Business Capital

March 6, 2019
Capify Australia

Starting a small business can be an overwhelming experience. There are many things to consider at the start of a new venture, one of which is how you are going to finance your new business and all of the associated costs. Finding the right business capital lender should be on […]


Apply anytime, anywhere

  • No application fee
  • No obligation
  • See how much you qualify for

Still have questions?

See our FAQs

Chances are someone else has had the same question and the answer will be in our FAQs.

Call us

Call us between
8:00am – 6:00pm (AEST) Monday – Friday

1300 760 930

Copyright © 2019 AUSvance LLC trading as Capify. All Rights Reserved.