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Brisbane

Level 1
200 Mary Street

Brisbane QLD 4000

GPO Box 1087
Brisbane QLD 4001

PH: (07) 3002 4800

Fax: (07) 3229 5603

Gold Coast

Ground Floor
64 Marine Parade
Southport QLD 4215

GPO Box 3360
Australia Fair
Southport QLD 4215

PH: (07) 5591 1661

Fax: (07) 5591 1772

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In the lead up to the budget there was talk of a possible extension to the $20,000 instant tax write off and the first cuts to the corporate tax rate in 15 years.

Last night when the budget was finally released it was general well received by the business community.

On the up side it contains broad measures to bolster business, investment and innovation including tax cuts and a number of tax measures that free up alternate funding and investment sources for business.

The downside is that there are significant reforms restricting access to superannuation concessions.

About the author

Cameron Barber

Director, Taxation Consulting & Business Services

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