2010 Federal Budget, and other exciting news!

2010 Federal Budget, and other exciting news!

Exciting news, the 2010 federal budget was released last night. Please find attached a summary of the proposed amendments.  The attached document is reasonably detailed so feel free to contact myself if you have any queries.

Link to the 2010 Federal Budget


A brief summary of the budget:
•    An expected return to surplus in 2012-13;
•    Funding of a renewable energy future fund;
•    Funding of a new infrastructure fund;
•    Increased spending on health, especially for GP clinics;
•    A reduction in the corporate tax rate commencing 1 July 2013 (different for large and small businesses);
•    Super guarantee to increase from 9% to 12%;
•    Increase in the tax free threshold;
•    Standard deduction amount for wage earners; 
Just a reminder that items presented in the budget often have to be debated by the politicians (which can be lengthily) before they are  in force.
 
Other exciting news is that we have completed our relocation to our new office is in Bundall. Our new contact details are as follows:
 
Office address:
Level 9
1 Corporate Court
Bundall  QLD 4217
 
Postal address:
Box 37
1 Corporate Court
Bundall QLD 4217
 
Reception:  07 5510 4892
Fax:              07 5510 4800
 

Our email addresses will remain the same. The offices are brand new so please visit if you are in the area!

KRS Accountants

Comments are closed.