Federal Budget 2020-21 Review
There were few surprises in the Federal Budget announcement last week. It appeared to be a budget of least resistance, almost guaranteed to be legislated without argument by the opposition.
Access our detailed analysis of the Budget and the specific impact to individuals and small-medium businesses.
The 2020 budget has been handed down and it was no surprise to anyone that the focus was jobs. The Government’s broader economic plan to be a much more self-sufficient country, looking afterlives and livelihoods of Australians, has a renewed focus on business in all regions.
Below is a detailed analysis of the Budget and the specific impact to individuals and small-medium businesses.
- Personal Tax Cuts
- Instant Asset Write-off
- Loss Carry Back Provisions
- JobMaker & Boosting Apprenticeship Commencements
Tax and tax planning can be a complicated and evolving process – it’s important to have an accounting partner who knows the game, is across all legislation and understands your situation and what you want to achieve.
If you would like to know more about our tax planning services and how you could reduce your tax exposure, please call our office on (08) 8172 1444 or email our friendly team.
Related Posts
Effective leaders build morale, but too many destroy it
What makes effective leaders? Google it. There’s about 171 million results, so it’s safe to say it’s a hot topic. In this post, our marketing manager examines how ego and a disciplinarian approach can ruin…
Read More
Innovation & Technology – taking the market forward
What the financial sector has achieved in the last 20 years has been extraordinary and it feels like we have hit our peak of efficiency as business owners, advisors and planners. It’s funny to think…
Read More
Why is goal setting important?
Start the new year by setting the right goals for you. Business Advisor, Daniel Lalic explains how setting clear and accurate goals will benefit you and your business. Do you often find yourself get through…
Read More