Here’s our 2015 Budget wrap up.
Overall we are pleased to see that small business has come out a winner finally (after some of the relief introduced by the previous government that had been squashed by this government have come back). Looks like the Minister for Small Business is either doing his job or our politicians are realising that Australia no longer rides the on the back of the sheep but on the back of small businesses everywhere.
A few of the highlights are a reduction in tax rates for small businesses both incorporated and sole traders and my personal favourite the ability to immediately claim assets purchased to a value of $20,000 up to 30 June 2017.
Have a read and if you have any questions please feel free to contact me.