The federal budget, handed down last night, contained a number of tax, superannuation, and social security/cost of living proposals that may impact your clients including:
- The end of temporary full expensing
- Small business energy initiative
- Crackdown on unpaid tax and superannuation
- No change to stage 3 tax cuts
- Confirmation of an extra 15% tax on super ‘earnings’ for account balances above $3 million
- Pay day superannuation guarantee
- Boost to Centrelink payments
We hope you will find the topics interesting and thought provoking.
Please contact us if you wish to discuss how the points raised in this newsletter specifically affect you.