This year's Federal Budget - the third handed down by Treasurer Scott Morrison - is rightly being called an 'election' Budget. The flagship item is the measure to reduce personal tax rates and increase tax offsets for low and medium income earners. Beyond that, however, there's little for business owners to get excited, or agitated, about. There are still a few bright spots though. The Budget is predicted to return to a small surplus a year earlier than previously estimated (by 2019-20), and for the first time in a while, there are some logical, positive changes to superannuation fund management and compliance.
You can read our review here.