With the Federal Budget 2016-17 announced, small businesses and middle income earners get the handouts, with promises to promote jobs and growth, control spending and make savings.
We have summarised some of the key areas that could affect you as an individual, a contractor and a business.
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That’s right, you can actually increase your take home pay with salary packaging and at SDP we are currently offering salary packaging at fees from 1%.
Salary Packaging is an Australian Tax Office (ATO) approved way of reducing the amount of income tax you pay by paying for items such as business expenses as a pre-tax salary payment.
Here are a list of changes that have been implemented on 1 July 2015, you should be aware of these changes as they may affect your business compliance.
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