|Business SA provides us with a response to this weeks Federal Budget presented by Scott Morrison.
THE BUDGET FOR SMALL BUSINESS
The Federal Government has sent a strong signal that small and medium enterprises (SMEs) are vital contributors to the future growth of the Australian economy with several positive measures announced in the Federal Budget.
Business SA’s Executive Director; Industry & Government Engagement – Anthony Penny spoke with financial expert and Chief Investment Officer of Statewide Super, Con Michalakis to get his overview of the Turnbull Government’s 2016/2017 Federal Budget. Watch the interview by clicking HERE.
Central to the business benefits are the tax cuts announced by the Treasurer, Scott Morrison, that will see the tax rate for SMEs fall from 28.5 per cent now to 27.5 per cent from 1 July 2016 with the eligibility threshold rising from $2 million to $10 million.
Learn more about how the Federal Budget will benefit your business – read our review by clicking the link found at the bottom of the page containing the interview from above.