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.
Swan Song? Hayes Knight’s 2013/2014 Budget Summary
The 2013/2014 Federal Budget is potentially the Government’s last chance to push through many of the social reforms on its agenda.
The ‘big ticket’ reforms such as the previously announced DisabilityCare and Gonski education reforms are funded not only by the Medicare increase but over $4.1bn from predominantly large entities, foreign entities and non-residents under the Protecting the Corporate Tax Base from Erosion and Loopholes Package. There are a number of changes to social benefits as well including the scrapping of the baby bonus and Medical Expenses Tax Offset.
There are no further reforms to superannuation or not for profits.
If you need assistance with any of the issues raised or interpretation of the information contained in this budget summary, please give your local Hayes Knight office a call.