Federal Budget 2018/19: What It Means for Small Business Owners

Anita van Wyk Federal Budget, Tax

By now you have probably read many of the outcomes of the 2018-19 Federal Budget. However, you may still be wondering how exactly these outcomes are going to affect you as a small business owner? Below, we summarise some of the relevant key announcements and provide our own ‘lucent insight’ into what it all means for your business. Personal Income …

Superannuation Reform Announcement: $500,000 super cap axed

admin Federal Budget

The Australian Government yesterday announced updates to the superannuation changes announced in the 2016-17 Budget. The updates have been made by the government following consultation with the public in light of much commentary and concern by the electorate surrounding the impact of the original announcements. The updates announced yesterday include: Scrapping of the $500,000 lifetime non-concessional cap Reducing the existing …

Federal Budget

A Lucent View: Federal Budget 2016/17

admin Blog, Federal Budget, Tax

By now you would have seen and heard many of the outcomes of the 2016-17 budget. But how does this affect you as a small business owner? Below we outline some of the relevant key announcements and provide our own Lucent commentary. SMALL BUSINESS Change in definition of small business from turnover less than $2 million to turnover less than …