The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

Time for an investment allowance


It seems every day we read about the Federal Government slinging money at car makers, farmers, miners and other channels. Independent retailers are doing it tough and could benefit from an investment allowance – providing a tax break to help them fund capital investment in their business. The funding could be for shop fits, IT, equipment or maybe business coaching. The Fraser government provided a 40$ and then 20% investment allowance and this sure got businesses spending on their businesses. I’d like to see it again – not only because my company would benefit but also because I see many businesses in need of such investment and struggling because of all the other taxes and charged in their operation. This could be a short term way the government puts something back.

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By Mark