2016 Federal Budget – Highlights

The 2016-17 Federal Budget was handed down on Tuesday 3 May. The Government has forecast a cash deficit of $37.1b for the 2016-17 financial year.

We have summarised the key budget highlights and an outline of the changes announced. The major revenue measures announced in the Budget included: Read more

Tax Update – May 2016

Tax planning

tax-web-imageThere are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable income. Taxpayers should be aware that they need to start the year-end tax planning process early in order to maximise these opportunities. Read more