On the 7th of June 2018, Zimsen Partners co-hosted a Tax, Budget and Small Business Discussions evening held at the Sandown Regency with guest speakers – The Honourable Michael Sukkar MP (Assistant Minister to the Treasurer) & Senator James Paterson (Chair of Finance & Public Administration).
The Guest Speakers highlighted the main changes of the 2018 Federal Budget that will affect small businesses and the benefits it will bring once the budget is in effect. Hon Michael Sukkar MP stresses the changes will be beneficial to all taxpayers due to the implementation of the new tax rates. Furthermore, the introduction of new tax offsets such as the Low and Middle-Income Tax offset will increase cashflow for individuals & families due to tax savings. Senator James emphasises the increase in tax savings would in turn help boost the Australian economy – allowing it to reach surplus by the early 2020s.
For the detailed list of the changes of the 2018 Federal Budget – please click here