Where to next?
This is what we’re asked by many people and the reason why our clients chose Hayes Knight.
Our clients know we are good at the fundamentals – accounting, tax compliance, and audit – but they come to us because not only are we good at the fundamentals, we have the expertise to help them identify, structure, and secure, their future … their next step.
Budget 2015 Analysis:
The 2015 ‘Have a Go’ Budget is a very different one from last year. The Government has tried to avoid anything too controversial and has provided significant stimulus and incentive for small business.
The unfortunate part is their definition of small business.
Virtually all of the targeted measures are for businesses with an aggregated turnover of less than $2 million per annum. If you are one of those businesses then you will likely have a smile on your face as you read the budget initiatives.
For the 72,000 businesses with turnover between $2 – 5 million, you are out in the cold. Clearly the Government does not see you as a small business and the incentives provided do not extend to you. This is disappointing given your contribution to the economy both as employers and also in company tax paid.
Our focus with this analysis is on what the budget says. More importantly though is how you can adapt to the changes and take advantage of them. Please talk to your client service director about this. They are also available to answer any questions you may have on any of the budget announcements.