Archive for July 3rd, 2009
End of Year Spending
The end of the financial year has come and gone, with its last weeks being met with a flurry of spending from the small business sector trying to take full advantage of the small business tax bonus.
Whilst travelling through farming land near Dubbo in New South Wales, it was clear that for many farmers, at least, this was ringing true. In a trip to one machinery dealership I saw a very busy staff tending to their farmer customers, taking the opportunity to purchase and update equiptment such as tractors, spray rigs, and slashers. One farmer, who was a bit embarrased to be seen to be “overspending in the GFC” (Global Financial Crisis) was put at ease when he found out that a new tractor would soon be delievered to most of his neighbours as well.
