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The 2018 Federal Budget was handed on Tuesday 8 May. Following is a brief summary of some of the headline measures
This area of law can be difficult for taxpayers to understand, and therefore clarification will be welcome.
BROADER BUSINESS CONDITIONS
In good news for the business community, the Budget papers forecast that the economy will grow at 2.75% in 2017/2018 (current financial year); jumping to 3% in 2018/2019 and 2019/2020. To provide some historical context, average annual economic growth in Australia has been 3.47% from 1960 to 2015.
BOOKKEEPER RADIO: FEDERAL BUDGET WRAP
In the recent episode of Bookkeeper Radio, ABN Directors Kelvin Deer, Peter Thorp, and Darren Hagarty discussed the outcomes of the Federal Budget 2018. This episode highlights all of the important stuff in bite-size form, and applies it to the bookkeeping industry.
View the previous episode at www.bookkeeperradio.com.au