Tonight the government has introduced a seven-year personal tax plan to make personal income tax ‘lower, fairer and simpler’, which aims to stimulate consumer spending.
Very few industries get excited by a big infrastructure spend in the Federal Budget like the construction industry. This year’s no different.
It’s said that the Federal Budget is an accountant’s Christmas – so what would they like to see under the tree this year?
Every year a cavalcade of peak bodies lobby the government to get their slice of the goodies handed out at Federal Budget time. Today is the retail sector’s turn.
Come budget time, a cavalcade of industry peak bodies present their budget wish lists. It’s now the hospitality sector’s turn.
One of the great unanswered questions, for small businesses at least, is will the government keep the $20,000 instant asset write-off in this federal budget?
The words “budget night” don’t exactly fill small businesses with excitement. Yet that’s where we are again, with just under a month to go until Canberra opens its coffers.
Just in case you don’t have enough deadlines already, the Australian R&D Tax Incentive deadline is looming.
If you have a business that employs fewer than 20 people, you don’t have to use single touch payroll (STP) on 1 July, but you could consider jumping in early anyhow.