The passing of $158 billion worth of personal income tax cuts will provide a much-needed short-term boost to economic growth but economists and business groups are already urging the Morrison government to do more. Prime Minister Scott Morrison hailed his government’s first major victory since the federal election as a win for all Australians. “This […]
Analysts are increasingly confident the RBA will move rates for the first time since August 2016 on Tuesday in a bit to reignite stalling economic growth. The Reserve Bank cash rate could change for the first time in nearly three years this week with a cut to a new record low a real possibility after […]
SMEs with revenues up to $50 million will have their tax rates cut after the Federal Government struck a deal with the Nick Xenophon Team (NXT) in the Senate on Friday. Under the deal, which will cost $5.2 billion over the next four years, the tax rate for businesses with turnovers up to $10 million […]
With just nine weeks to go until the federal election, this year’s budget announcement wasn’t the free-for-all that the electorate came accustomed to in budget/election combo in years past. While there were a number of clear losers, small business definitively emerged with a blue ribbon. From July 1 small business will get a tax cut […]
NSW Business Chamber supports the 2016 budget stating that small and medium businesses across NSW have been given the opportunity to grow, innovate and employ more staff as a result of a supportive 2016-17 Federal Budget released by the Turnbull Government. NSW Business Chamber CEO Stephen Cartwright said, “For some time we have been articulating […]
Latest Bibby Barometer survey found that small businesses are pessimistic about the outcomes of next month’s Federal Budget, with many hoping, but not expecting, reduced taxation and a cut in red tape.
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