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The 2019 Federal Budget has been released, forecasting a return to surplus of $7.1Bn next financial year with a continued focus on tax relief. Personal income tax offsets are proposed immediately for low and middle income earners and favourable bracket adjustments are to come into effect by 2024/25. Small business tax relief includes an extension to the instant asset write-off until 30 June 2020 and an increase to the claimable threshold to $30,000 per asset. There are a collection of spending measures aimed at bolstering education, healthcare, defence and “congestion-busting” infrastructure. As with each year, it is important to note that these changes are proposed, and still need to pass through parliament before becoming law. Read More
Regardless of your definition, there are a number of common characteristics of a successful business.
Successful business owners focus on the following key areas: Read More
A new year is the perfect time to take stock of where you and your business are going. There is no point in waiting until after June 30 to take time out and review your business. Read More
Sounds straightforward right? However, as any business owner will tell you running a business is a full time job and more! That means things can get pushed to the side and sometimes it is just easier to continue on rather than review what’s been happening, or what opportunities might exist. Read More