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Cut Small Business Tax - my policy for a $20,000 tax free threshold

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Inside this February edition of the Mackellar business newsletter:

My policy - cutting company tax for small business 

As a community independent I listen to your concerns. In my last business survey I heard your frustrations with the onerous taxes and paperwork forced on you by all levels of government. This week I launched my policy to cut small business tax.

I am pushing for a tax-free threshold of $20,000 for all businesses with an annual  turnover of less than $10 million. This could reduce your tax bill by up to $5,000 a year to invest in innovation, staffing or to provide some much needed cost-of-living relief.

See my speech in here in Canberra launching this vital initiative and requesting the Government to act on it. Please join me in calling on the Government to better support you and your business by signing my petition here.

I have also been leading the charge to cut red tape by changing the definition of small business from 15 to 25 employees. This change is supported by the Australian Chamber of Commerce and Industry.  Small businesses don't have the same resources as large corporations, so why are small business owners burdened by the same restrictions?  Read more here on how a change to the definition could help you. 

Finally, the $20,000 small business instant asset right off scheme is set to end on 30 June.  Why? I am urging the Government to continue to support this into the new tax year and ongoing.  You are the backbone of our community and I am here to act on your concerns and issues.

- Dr Sophie Scamps MP

The business of beauty - support for you and your clients 

 

As business owners and workers within the beauty industry, hairdressers, barbers and beauticians are more than service providers, they are trusted advisers and confidants. They listen to the highs and lows of our lives, offering a compassionate ear. As a community we often take their kindness for granted.  I would like to ensure they get the help and support they deserve, so I will be hosting:

The Business of Beauty : Tea, Talk and Tips
Monday 17 February 2 - 4pm
Narrabeen SLSC

This event will provide tips for the industry on: 

  • How to grow and protect their business through a better awareness of all the government grants and supports available, including mental health resources, cyber security support, free marketing webinars and much more.
  • Ways to help these businesses support their clients and community by understanding how as your federal MP’s my office can help with ATO, NDIS, NBN, ATO, immigration, Centrelink, and Medicare issues.

Special guest, star hairdresser and salon owner Paloma will share how she balances motherhood, business and her own advocacy work. 

If you are a hairdresser, barber or beautician please join me, or forward this email to anyone in the industry who might like to attend.

RSVP here 

Trading online? Digital Platform Hub resources

 

The NSW Small Business Commission has launched a new Digital Platforms Hub to help small businesses that depend on digital platforms, such as online marketplaces and other online services. The new Digital Platforms Hub includes:

  • A guide for small businesses to help get the most out of digital platforms
  • Pathways to access support from the NSW Small Business Commission when encountering challenges or disputes
  • Model practices and procedures to promote improved experiences for small businesses

Digital platforms can help take small businesses to the next level and offer many benefits when advertising, selling and engaging customers. However, the Commission has received an increasing number of contacts from businesses reporting difficulties when navigating digital platforms. Common challenges include unclear terms and conditions, payment delays and unexpected account suspensions.

The Commission’s Digital Platforms Hub has been developed to increase awareness of some of the challenges and risks, but also to encourage digital platforms to offer the best possible experience for small businesses.

Find a copy of the guide here.

Free workshops and webinars to help grow your business 

Discover tools and strategies to help grow your business with expert-led Digital Solutions webinars and workshops. These sessions are designed to empower small business owners with practical knowledge in areas such as digital marketing, SEO, social media, and more.  To attend you need to register for the Australian Government Digital Solutions program. It's free to join. Click here to join the Digital Solutions program today!

February courses

  • Use CRM to manage customers and increase sales
  • Build a digital marketing plan that brings in more customers
  • Leverage AI tools to create ads that attract more customers
  • Produce professional podcasts to grow your audience and revenue
  • Deep dive into your email marketing plan and content
  • Create engaging mobile reels to drive business growth
  • Create a professional website that brings in more customers
  • Shopify to build a profitable online store
  • Perfect your social media to attract more customers and boost sales
  • Master social media strategies to grow your business in 2025
  • Create stunning designs with Canva to capture more customers
  • Protect your business and gain customer trust with cyber security best practice
  • Use automation tools to save time and increase profits

For more information and to see the full calendar of events sign up - it's quick, easy and free! 

Australia's new Small Business Strategy

 

Focusing on small business – Australia’s 2025 strategy

The National Small Business Strategy is the first of its kind. It outlines how governments will work together to support Australian small businesses.
It is a framework for collaboration to:

•    Promote small businesses in government decision making
•    Support existing work in states and territories
•    Inform policy making to deliver better outcomes

The federal, state and territory governments worked together to create the strategy.
See a full copy of the report here.  

Changes impacting your small business in 2025 

 

Keeping up to date with the changes that impact your small business can be difficult. Find details here on what is changing in 2025

  • Wage underpayment becoming a criminal offence
  • Expansion of plastics ban
  • Right to disconnect
  • Changes to introductory classification in awards 

Need help? Free resources to support your business

 

  1. Book in an appointment with Service NSW Business Concierge. You are entitled to 8 hours of small business expert advice over 3 years.
  2. Sign up for Digital Solutions - optimise your websites, cyber security, invoicing, socials and much more with unlimited training. For $45 gain 4 hours small business help on all digital aspects of your business. 
  3. Free financial advice for personal and business finances and cash flow. Talk to an expert from the Small Business Debt Helpline. 
  4. Sign up to the Mackellar Grant Finder for alerts on the many business grants, rebates, incentives, competitions, training programs and more available to you. Access a guide on how to find, apply and win grants here.
  5. Need free mental health support for you and your team? 
  6. Contract disputes? Free, independent legal help, contact the Small Business Ombudsman.
  7. Need help navigating your legal requirements under new workplace law? Access the Fair Work Ombudsman learning portal.
  8. Need tax help? Free tax courses and guides. 
  9. Utilise all the federal resources and help available to you and your business, from starting out to closing down. 
  10. Protect your business from cyber-attack, sign up to Cyber Wardens.
  11. Free help and support for your business from Northern Beaches Council. 

Here to help

As your Independent Federal MP, I am accountable to you the community. It’s crucial that I hear from you so I can raise your concerns in Parliament. I will:

  • Listen to your needs on issues that matter to you
  • Seek your input on legislation that impacts you
  • Raise issues in Parliament
  • Work with the Government to develop policy that supports business  

Get in touch

My team and I are here to help.  Please email [email protected] or call me on 9913 9566 and follow me on socials - LinkedIn, Facebook, Instagram and X (Twitter).