Budget 2016-17

TARGET PRACTICE The 2016-17 Federal Budget is a budget of targets – broad targets to boost business and innovation and the narrow revenue targets of the wealthy and multi-nationals.  It’s a big, long-term crafted budget designed to give enough pre-election glow but with structural measures to reign in spending and reduce concessions. At one end, the Budget contains board measure to bolster business, investment and innovation including tax cuts and…  Read more

The Federal Budget 2015

It’s that time of the year again where the number crunches in parliament put their heads together to release the Federal Budget. It seems that the focus of this year’s Budget is to spend, spend, spend…… with the government targeting productivity to keep the economy ticking over. BUSINESSES Small Businesses The small business sector has profited the most, with businesses turning over of less than $2 million receiving a reduced…  Read more

The 2015 Budget has been delivered…

Hansens Accountants – Friday, May 16, 2014 So, the 2015 Budget has been delivered. What is the big-picture outcome impacting the business environment? It is clear that the Government wants to encourage business activity through companies by reducing the company tax rate from 30% to 28.5%. Q: Why? A: To encourage companies to retain most of their profit for re-investment in business, thereby kick-starting our soft economy.  Any excessive profit-taking…  Read more

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