Federal Budget 2015: A Cautiously Improved Outlook For Small Business

Some journalists are characterising the budget as “the right budget” while others are calling it “confidence boosting” which is primarily true, particularly, if you are a small business owner with an annual revenue under $2,000,000. This budget for small business can be summarised by three things; tax breaks, tax cuts and tax code simplification. That being said, don’t believe the hype some of the media is promoting about this being just what the economy needed, while it is definitely a step in the right direction it is only the first step on the staircase to meaningful improvement. Notable journalist Ross Gittins who is the Sydney Morning Herald’s, Economics Editor summed it up perfectly when characterising Read more