TaxWise Business edition – June 2018

Small and medium sized businesses received a bit of attention from the Government in this year’s 2018-19 Budget. Making it all the way to number 2 on the Government’s priority list of ‘must-do’s’, the Government stressed that it must “keep backing business to invest and create more jobs, especially small and medium sized businesses”. With that said, a handful of measures were announced to support these businesses in Australia. If you are a small or medium sized business owner, we’ve listed a few of the key Budget measures, tax breaks and outcomes that may directly impact you.