The 2019-20 Federal Budget announcements were wide-ranging and much of the detail has not yet been released. Announcements include:
Instant asset write-off extended to medium sized businesses
Threshold for instant asset write-off increased
Personal tax cuts and further rate changes from 2022
For further details, please refer to our concise and helpful Federal Budget 2019-20 Summary*
*Please note that this Summary is about proposals, which have not yet been legislated.
If you have any concerns or would like to discuss how the Budget changes may affect you and your business, please contact us: 3217 5700 or [email protected]
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