The 2018-19 Federal Budget announcements were wide-ranging and much of the detail has not yet been released. Announcements include:
- $20K accelerated depreciation extended until 30 June 2019 for SMEs
- Introduction of a three-year cycle for SMSF audits for compliant funds
- Seven year personal tax cut plan
For further details, please refer to our concise and helpful Federal Budget 2018-19 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 me, David Pennell, or Brenden Yantsch on 61 (0)7 3007 2007 or firstname.lastname@example.org
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