2016 Federal Budget – What it means to Cairns Families and Businesses

By 5 May, 2016News

We have read through the budget and have provided a detailed analysis of the proposed changes and how they will impact you and in what tax year. Small business are winners with a decrease to the company tax rate to 27.5% and an increase to the small business turnover classification from July 1 2016. It will be interesting to see what policies the ALP puts out going into the July election as some of the proposed changes to Superannuation are significant and unexpected.

If you have any questions about the information or if we can help you in any way please call our friendly staff.

Click here for a detailed analysis of the budget announcements