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Champion's end of financial year checklist 30 June

The 2016-17 Federal Budget was handed down by the Government last night.

Below is a summary of various aspects of the budget that are likley to impact you:

 

INDIVIDUAL TAXATION

Personal Tax Rates

 
Minor changes were announced to the currently legislated personal tax rates for residents, which are summarised below for the 2016-17 income year:   Read More
SUPERANNUATION

Changes to the Superannuation System

The 2016-17 Budget has announced a number of measures aimed at improving the sustainability, flexibility and integrity of the Superannuation system.  Read More

SMALL BUSINESS TAX PACKAGE

Reduction in the corporate tax rate

The Turnbull Government’s Ten Year Enterprise Tax Plan includes a plan to decrease the current tax rate as well as the discount afforded to unincorporated entities.  Read More

Please feel free to give us a call, should like any further explanation or want specifics on how the budget might affect you.

 

Copyright © 2016 Champion's Business Growth Advisers Pty Ltd, All rights reserved.
www.champions.com.au
Champion's Business Growth Advisers Pty Ltd · Level 3 · 107 Phillip Street · Parramatta, NSW 2150 · Australia
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