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2017-18 Federal Budget

Scott Morrison handed down his second Federal Budget as Treasurer on Tuesday night. The Budget projects a deficit for 2017-18 of $29.4 billion, and overall it presents a more optimistic outlook for the Australian economy than in recent years.

Our approach to reviewing the Budget highlights each year has always been to focus on the impact for small-medium business owners. This year however, the way in which this Budget is received by people in business will really depend on their own outlook.

There's very little in the Budget of any consequence for business. If you're a glass half-full person, that may be a relief. For the first time in a long time, there's no changes in tax rates, the heretofore perennial undermining of retirement confidence has abated, and there are few other measures that might negatively affect business owners. If you're a glass half-empty person though, no news for business may well be bad news, with only minor assistance measures and no wider structural reform.

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May 2017 Newsletter

There's been a lot going on over the last couple of months. In this issue we look at what the impact of the recent company tax rate reduction means for small-medium businesses and alert you to the upcoming changes in superannuation, which take effect from 1st July. Of particular importance is that reduced contribution limits come into play. Finally, we're also pleased to announce a special project that our managing director is involved with.

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December 2016 Newsletter

This is our last issue for the year. As much as we know we've focused a lot on superannuation this year, we couldn't let the passage of the Government's amended Budget proposals on super go without further comment. Read on for details about a once-in-a-lifetime opportunity in super that will disappear after 30th June 2017!

Plus we have some information about the National Business Simplification Initiative, and our Christmas closing times for this year.

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