The 2015 budget has signalled two key points from the Federal Government.\u00a0 Firstly, a clear intention to reduce our budget deficit from over $40 billion to $6.9 billion over the next 4 years.\u00a0 The means less debt for Australia and a stronger credit rating which keeps our country in a very healthy position compared to other advanced nations.<\/p>\n
Secondly, the Federal Government recognises that backbone of this country is the small business sector.\u00a0 Those are businesses turning over less than $2 million per annum, and are effectively what you see day to day at every turn, in every office and every shopping centre and on every building site.\u00a0 For those businesses, the budget includes relief measure to improve confidence and cash flow.\u00a0 These measures are reduced tax rates, a $20,000 instant asset write-off for new acquisitions, CGT relief on structure changes and formation costs deductions.<\/p>\n
Both these announcements have an extremely positive effect on business confidence and encourage spending, which of course then stimulates the economy and drives the employment numbers back up in the right directly.<\/p>\n
The business tax break in a nutshell:<\/strong><\/p>\n The four most significant benefits to small businesses from the budget:<\/p>\n <\/p>\n So while this is happening, all good businesses should take full advantage of these stimulus measure and seek to maximise profits and value-growth.\u00a0 Importantly though, it is essential that business owners seek professional advice on the impact of any decision they make with respect to these incentives.\u00a0 You have to truly understand the bottom-line benefit of your business before committing to any spending.\u00a0 And of course very importantly, the senate does need to approve these budget announcements, so stay tuned!<\/p>\n Speak to us\u00a0at Trak for more details on these great benefits to your business and how best to approach them.<\/p>\n","protected":false},"excerpt":{"rendered":" The 2015 budget has signalled two key points from the Federal Government.\u00a0 Firstly, a clear intention to reduce our budget deficit from over $40 billion to $6.9 billion over the next 4 years.\u00a0 The means less debt for Australia and a stronger credit rating which keeps our country in a very healthy position compared toRead More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","spay_email":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-132","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts\/132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/comments?post=132"}],"version-history":[{"count":1,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts\/132\/revisions"}],"predecessor-version":[{"id":133,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/posts\/132\/revisions\/133"}],"wp:attachment":[{"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/media?parent=132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/categories?post=132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trakaccountants.com.au\/blog\/wp-json\/wp\/v2\/tags?post=132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n