2023-24 Budget Client Newsletter

The federal budget, handed down last night, contained a number of tax, superannuation, and social security/cost of living proposals that may impact your clients including: 

• The end of temporary full expensing

• Small business energy initiative

• Crackdown on unpaid tax and superannuation

• No change to stage 3 tax cuts

• Confirmation of an extra 15% tax on super ‘earnings’ for account balances above $3 million

• Pay day superannuation guarantee

• Boost to Centrelink payments

….and more