SlideShare a Scribd company logo
1 of 1
Download to read offline
NOW...
Tax Offset for Others
Restart Subsidy
From 1 Apr 2016
From 1 Nov 2015
From 1 July 2016
Start-Up Costs
FBT exemption for Small
Businesses for multiple mobile
electronic devices
over 12 months for older employees
paid to
employers
CGT Roll-Over Relief
No CGT for small businesses
when changing legal structure
Immediate deduction for professional
services costs (like Accounting costs)
for small business start ups
8 WAYS FOR YOUR
There are plenty of exclusions, rules and regulations attached
to all these changes so don’t miss out on the rebates and
incentives you’re business is entitled to.  Speak to the
Bentleys tax consulting team to see what you are eligible for.
Small Business to
Benefit fromThe Budget
SMALL BUSINESS ARE
WINNERS & GRINNERS
for Small Business	
	 to spend on
deductible asset/s
$20k
Instant write-offs
reduction in tax 	
liability (max $1,000)
for Small Business
5%
$10,000
FROM 1 JULY 2015...
rate reduction for 		
Small Business1.5%
Tax Relief for Companies
T +61 8 9226 4500 W bentleys.com.au/wa
Think Ahead. Talk to Bentleys Today.
SOURCE: www.budget.gov.au
Ross Prosper
Taxation & Business
Services Assoc Director
Employee Share Schemes (ESS)
More entities eligible and
extending the CGT discount,
to attract new skills and talent

More Related Content

Viewers also liked

Government at a Glance 2013, Country Fact Sheet: Slovak Republic
Government at a Glance 2013, Country Fact Sheet: Slovak RepublicGovernment at a Glance 2013, Country Fact Sheet: Slovak Republic
Government at a Glance 2013, Country Fact Sheet: Slovak RepublicOECD Governance
 
Draft proposed programme budget 2016–2017: Presentation for regional committees
Draft proposed programme budget 2016–2017: Presentation for regional committeesDraft proposed programme budget 2016–2017: Presentation for regional committees
Draft proposed programme budget 2016–2017: Presentation for regional committeesWHO Regional Office for Europe
 
netwealth 2015 Federal Budget webinar presentation
netwealth 2015 Federal Budget webinar presentationnetwealth 2015 Federal Budget webinar presentation
netwealth 2015 Federal Budget webinar presentationnetwealthInvest
 
Federal Budget 2015 / 2016
Federal Budget 2015 / 2016Federal Budget 2015 / 2016
Federal Budget 2015 / 2016CommSec
 

Viewers also liked (6)

The Federal Budget: Outlook and Challenges
The Federal Budget: Outlook and ChallengesThe Federal Budget: Outlook and Challenges
The Federal Budget: Outlook and Challenges
 
Government at a Glance 2013, Country Fact Sheet: Slovak Republic
Government at a Glance 2013, Country Fact Sheet: Slovak RepublicGovernment at a Glance 2013, Country Fact Sheet: Slovak Republic
Government at a Glance 2013, Country Fact Sheet: Slovak Republic
 
Draft proposed programme budget 2016–2017: Presentation for regional committees
Draft proposed programme budget 2016–2017: Presentation for regional committeesDraft proposed programme budget 2016–2017: Presentation for regional committees
Draft proposed programme budget 2016–2017: Presentation for regional committees
 
netwealth 2015 Federal Budget webinar presentation
netwealth 2015 Federal Budget webinar presentationnetwealth 2015 Federal Budget webinar presentation
netwealth 2015 Federal Budget webinar presentation
 
Federal Budget 2015 / 2016
Federal Budget 2015 / 2016Federal Budget 2015 / 2016
Federal Budget 2015 / 2016
 
Federal Budget 2014-15
Federal Budget 2014-15Federal Budget 2014-15
Federal Budget 2014-15
 

Similar to Australian Federal Budget 2015 Small Business winners

EUROCHAM CAMBODIA TAX FORUM 2018
EUROCHAM CAMBODIA TAX FORUM 2018EUROCHAM CAMBODIA TAX FORUM 2018
EUROCHAM CAMBODIA TAX FORUM 2018Anthony Galliano
 
GST: An Introduction for Entrepreneurs
GST: An Introduction for EntrepreneursGST: An Introduction for Entrepreneurs
GST: An Introduction for EntrepreneursAyushi Mona
 
Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)Patlane
 
Hanrick curran 2015 tax and superannuation post budget presentation
Hanrick curran 2015 tax  and superannuation post budget presentationHanrick curran 2015 tax  and superannuation post budget presentation
Hanrick curran 2015 tax and superannuation post budget presentationMazars Qld (Formerly Hanrick Curran)
 
BNI Camberley Presentation April 2013
BNI Camberley Presentation April 2013BNI Camberley Presentation April 2013
BNI Camberley Presentation April 2013Mark Harvey
 
17 Tax And Your Company 17
17     Tax And Your Company 1717     Tax And Your Company 17
17 Tax And Your Company 17njhb1958
 
Fawcetts (274) Nl
Fawcetts (274) NlFawcetts (274) Nl
Fawcetts (274) NlFawcetts
 
Health Care Reform Tax Update
Health Care Reform Tax UpdateHealth Care Reform Tax Update
Health Care Reform Tax UpdateDecosimoCPAs
 
Back to the future seminar 2017 | Family Business Accountants | Westcourt
Back to the future seminar 2017 | Family Business Accountants | WestcourtBack to the future seminar 2017 | Family Business Accountants | Westcourt
Back to the future seminar 2017 | Family Business Accountants | WestcourtCraig Seddon
 
Tax Return Preparation: A Guide for Individuals, CPA & Small Business
Tax Return Preparation: A Guide for Individuals, CPA & Small BusinessTax Return Preparation: A Guide for Individuals, CPA & Small Business
Tax Return Preparation: A Guide for Individuals, CPA & Small BusinessCogneesol
 
Tax Tips for Entrepreneurs and Small Business Owners
Tax Tips for Entrepreneurs and Small Business OwnersTax Tips for Entrepreneurs and Small Business Owners
Tax Tips for Entrepreneurs and Small Business OwnersTerrell Tax & Planning
 

Similar to Australian Federal Budget 2015 Small Business winners (20)

2018 fed tax_summary_whitepaper
2018 fed tax_summary_whitepaper2018 fed tax_summary_whitepaper
2018 fed tax_summary_whitepaper
 
EUROCHAM CAMBODIA TAX FORUM 2018
EUROCHAM CAMBODIA TAX FORUM 2018EUROCHAM CAMBODIA TAX FORUM 2018
EUROCHAM CAMBODIA TAX FORUM 2018
 
Mortgage relief 4
Mortgage relief 4Mortgage relief 4
Mortgage relief 4
 
2016 Pre and Post Budget Presentation
2016 Pre and Post Budget Presentation2016 Pre and Post Budget Presentation
2016 Pre and Post Budget Presentation
 
GST: An Introduction for Entrepreneurs
GST: An Introduction for EntrepreneursGST: An Introduction for Entrepreneurs
GST: An Introduction for Entrepreneurs
 
Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)
 
2018 Pre Financial Year End & Post Budget Update
2018 Pre Financial Year End & Post Budget Update2018 Pre Financial Year End & Post Budget Update
2018 Pre Financial Year End & Post Budget Update
 
Hanrick curran 2015 tax and superannuation post budget presentation
Hanrick curran 2015 tax  and superannuation post budget presentationHanrick curran 2015 tax  and superannuation post budget presentation
Hanrick curran 2015 tax and superannuation post budget presentation
 
BNI Camberley Presentation April 2013
BNI Camberley Presentation April 2013BNI Camberley Presentation April 2013
BNI Camberley Presentation April 2013
 
2019 2020 tax planning guide
2019 2020 tax planning guide2019 2020 tax planning guide
2019 2020 tax planning guide
 
17 Tax And Your Company 17
17     Tax And Your Company 1717     Tax And Your Company 17
17 Tax And Your Company 17
 
2015 post budget presentation ubs
2015 post budget presentation   ubs2015 post budget presentation   ubs
2015 post budget presentation ubs
 
Fawcetts (274) Nl
Fawcetts (274) NlFawcetts (274) Nl
Fawcetts (274) Nl
 
2013 post budget presentation v6 on scree nl
2013 post budget presentation v6 on scree nl2013 post budget presentation v6 on scree nl
2013 post budget presentation v6 on scree nl
 
Budget presentation
Budget presentationBudget presentation
Budget presentation
 
Health Care Reform Tax Update
Health Care Reform Tax UpdateHealth Care Reform Tax Update
Health Care Reform Tax Update
 
Back to the future seminar 2017 | Family Business Accountants | Westcourt
Back to the future seminar 2017 | Family Business Accountants | WestcourtBack to the future seminar 2017 | Family Business Accountants | Westcourt
Back to the future seminar 2017 | Family Business Accountants | Westcourt
 
Tax Return Preparation: A Guide for Individuals, CPA & Small Business
Tax Return Preparation: A Guide for Individuals, CPA & Small BusinessTax Return Preparation: A Guide for Individuals, CPA & Small Business
Tax Return Preparation: A Guide for Individuals, CPA & Small Business
 
Tax Tips for Entrepreneurs and Small Business Owners
Tax Tips for Entrepreneurs and Small Business OwnersTax Tips for Entrepreneurs and Small Business Owners
Tax Tips for Entrepreneurs and Small Business Owners
 
360 column
360 column360 column
360 column
 

More from Bentleys (WA) Pty Ltd

Your guide to understanding the new Transfer Balance Reporting Requirements (...
Your guide to understanding the new Transfer Balance Reporting Requirements (...Your guide to understanding the new Transfer Balance Reporting Requirements (...
Your guide to understanding the new Transfer Balance Reporting Requirements (...Bentleys (WA) Pty Ltd
 
Bentleys Financial Reporting Update: April 2018
Bentleys Financial Reporting Update: April 2018Bentleys Financial Reporting Update: April 2018
Bentleys Financial Reporting Update: April 2018Bentleys (WA) Pty Ltd
 
Trumponomics, turbulence & the markets
Trumponomics, turbulence & the marketsTrumponomics, turbulence & the markets
Trumponomics, turbulence & the marketsBentleys (WA) Pty Ltd
 
Estate planning insights, tips and tricks
Estate planning insights, tips and tricksEstate planning insights, tips and tricks
Estate planning insights, tips and tricksBentleys (WA) Pty Ltd
 
Super rules are changing. Find out what you need to do now.
Super rules are changing.   Find out what you need to do now.Super rules are changing.   Find out what you need to do now.
Super rules are changing. Find out what you need to do now.Bentleys (WA) Pty Ltd
 
Bentleys & ANZ Perth: Critical financial reporting update & business mentoring
Bentleys & ANZ Perth: Critical financial reporting update & business mentoringBentleys & ANZ Perth: Critical financial reporting update & business mentoring
Bentleys & ANZ Perth: Critical financial reporting update & business mentoringBentleys (WA) Pty Ltd
 
2017 Critical financial reporting update
2017 Critical financial reporting update2017 Critical financial reporting update
2017 Critical financial reporting updateBentleys (WA) Pty Ltd
 
Western Australian WA Economic Update: March 2017
Western Australian WA Economic Update: March 2017Western Australian WA Economic Update: March 2017
Western Australian WA Economic Update: March 2017Bentleys (WA) Pty Ltd
 
City of Gosnells: Voice of Australian Business
City of Gosnells: Voice of Australian BusinessCity of Gosnells: Voice of Australian Business
City of Gosnells: Voice of Australian BusinessBentleys (WA) Pty Ltd
 
Bentleys: WA Economic Update November 2016
Bentleys: WA Economic Update November 2016Bentleys: WA Economic Update November 2016
Bentleys: WA Economic Update November 2016Bentleys (WA) Pty Ltd
 
Bentleys the voice full report 19 sep2016
Bentleys the voice full report 19 sep2016Bentleys the voice full report 19 sep2016
Bentleys the voice full report 19 sep2016Bentleys (WA) Pty Ltd
 
The Voice of Australian Business - Wave 5
The Voice of Australian Business - Wave 5The Voice of Australian Business - Wave 5
The Voice of Australian Business - Wave 5Bentleys (WA) Pty Ltd
 
The Role of Innovation and the Evolution of the R&D Tax Incentive
The Role of Innovation and the Evolution of the R&D Tax IncentiveThe Role of Innovation and the Evolution of the R&D Tax Incentive
The Role of Innovation and the Evolution of the R&D Tax IncentiveBentleys (WA) Pty Ltd
 

More from Bentleys (WA) Pty Ltd (20)

Do you need to lodge a TBAR report?
Do you need to lodge a TBAR report?Do you need to lodge a TBAR report?
Do you need to lodge a TBAR report?
 
Your guide to understanding the new Transfer Balance Reporting Requirements (...
Your guide to understanding the new Transfer Balance Reporting Requirements (...Your guide to understanding the new Transfer Balance Reporting Requirements (...
Your guide to understanding the new Transfer Balance Reporting Requirements (...
 
Bentleys: Australian Federal Budget
Bentleys: Australian Federal BudgetBentleys: Australian Federal Budget
Bentleys: Australian Federal Budget
 
Infographic: Australian Budget 2018
Infographic: Australian Budget 2018Infographic: Australian Budget 2018
Infographic: Australian Budget 2018
 
Bentleys Financial Reporting Update: April 2018
Bentleys Financial Reporting Update: April 2018Bentleys Financial Reporting Update: April 2018
Bentleys Financial Reporting Update: April 2018
 
Trumponomics, turbulence & the markets
Trumponomics, turbulence & the marketsTrumponomics, turbulence & the markets
Trumponomics, turbulence & the markets
 
Investment Fundamentals
Investment FundamentalsInvestment Fundamentals
Investment Fundamentals
 
Estate planning insights, tips and tricks
Estate planning insights, tips and tricksEstate planning insights, tips and tricks
Estate planning insights, tips and tricks
 
2017 Federal Budget Insights
2017 Federal Budget Insights2017 Federal Budget Insights
2017 Federal Budget Insights
 
Super rules are changing. Find out what you need to do now.
Super rules are changing.   Find out what you need to do now.Super rules are changing.   Find out what you need to do now.
Super rules are changing. Find out what you need to do now.
 
Bentleys & ANZ Perth: Critical financial reporting update & business mentoring
Bentleys & ANZ Perth: Critical financial reporting update & business mentoringBentleys & ANZ Perth: Critical financial reporting update & business mentoring
Bentleys & ANZ Perth: Critical financial reporting update & business mentoring
 
2017 Critical financial reporting update
2017 Critical financial reporting update2017 Critical financial reporting update
2017 Critical financial reporting update
 
Western Australian WA Economic Update: March 2017
Western Australian WA Economic Update: March 2017Western Australian WA Economic Update: March 2017
Western Australian WA Economic Update: March 2017
 
City of Gosnells: Voice of Australian Business
City of Gosnells: Voice of Australian BusinessCity of Gosnells: Voice of Australian Business
City of Gosnells: Voice of Australian Business
 
Bentleys: WA Economic Update November 2016
Bentleys: WA Economic Update November 2016Bentleys: WA Economic Update November 2016
Bentleys: WA Economic Update November 2016
 
Bentleys the voice full report 19 sep2016
Bentleys the voice full report 19 sep2016Bentleys the voice full report 19 sep2016
Bentleys the voice full report 19 sep2016
 
The Voice of Australian Business - Wave 5
The Voice of Australian Business - Wave 5The Voice of Australian Business - Wave 5
The Voice of Australian Business - Wave 5
 
Aged Care Home Care Reforms
Aged Care Home Care ReformsAged Care Home Care Reforms
Aged Care Home Care Reforms
 
The Role of Innovation and the Evolution of the R&D Tax Incentive
The Role of Innovation and the Evolution of the R&D Tax IncentiveThe Role of Innovation and the Evolution of the R&D Tax Incentive
The Role of Innovation and the Evolution of the R&D Tax Incentive
 
The Voice of Australia 2016
The Voice of Australia 2016The Voice of Australia 2016
The Voice of Australia 2016
 

Australian Federal Budget 2015 Small Business winners

  • 1. NOW... Tax Offset for Others Restart Subsidy From 1 Apr 2016 From 1 Nov 2015 From 1 July 2016 Start-Up Costs FBT exemption for Small Businesses for multiple mobile electronic devices over 12 months for older employees paid to employers CGT Roll-Over Relief No CGT for small businesses when changing legal structure Immediate deduction for professional services costs (like Accounting costs) for small business start ups 8 WAYS FOR YOUR There are plenty of exclusions, rules and regulations attached to all these changes so don’t miss out on the rebates and incentives you’re business is entitled to.  Speak to the Bentleys tax consulting team to see what you are eligible for. Small Business to Benefit fromThe Budget SMALL BUSINESS ARE WINNERS & GRINNERS for Small Business to spend on deductible asset/s $20k Instant write-offs reduction in tax liability (max $1,000) for Small Business 5% $10,000 FROM 1 JULY 2015... rate reduction for Small Business1.5% Tax Relief for Companies T +61 8 9226 4500 W bentleys.com.au/wa Think Ahead. Talk to Bentleys Today. SOURCE: www.budget.gov.au Ross Prosper Taxation & Business Services Assoc Director Employee Share Schemes (ESS) More entities eligible and extending the CGT discount, to attract new skills and talent