The Government has cracked down on superannuation in this year’s budget to reduce the use of the superannuation system as an investment vehicle.
The Federal Budget saw the Canberra coffers open for those earning more than $80,000. Businesses with employees now need to update their tax tables.
To use the $20,000 asset write-off, the threshold of a “small business” has been extended to include businesses with a turnover up to $10 million.
Here’s the wrap on last year’s Federal Budget, as well as a look at what might be on the cards for this year.
Want more time to be a partner to your clients instead of a provider? See how MYOB BankLink and Bank Feeds can help you transform your practice.
Start planning now for a successful business year ahead. Here are the second five of our 10 tips to get off to a flying start.
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