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Budget response: ALP announces small business policy

Friday, May 15, 2015

Yesterday we sent out a summary of, and commentary on, the Abbott government’s Budget policy initiatives for small business people. We’ve given the package a big tick. It’s essentially a tax-reduction approach to encouraging small business activity. We think that’s the most effective way to go.

Last night the Labor opposition supported the package, which means it will pass the Senate. Labor leader Bill Shorten also announced an aspiration to reduce small business tax by 5 per cent.  More...

It’s a small business tax cut budget. But beware the ATO

Thursday, May 14, 2015

This week’s Budget has received wide praise, principally because it’s a ‘small business people budget’. And it deserves praise on this front. Ken Phillips' analysis in Business Spectator explains that it’s a list of seemingly small items that make for one big package for small business people.

The Budget repeats last week’s announcement for start-ups which included: More...

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