How Ipswich businesses stand to benefit from budget
Premium Content Subscriber only IPSWICH business owners might be sleeping a little easier after emerging as one of the biggest winners under the 2021-22 budget. As Treasurer Josh Frydenberg announced the budget on Tuesday it was revealed that small to medium-sized enterprises would be offered some respite through tax cuts following a year of uncertainty. The corporate tax rate for SME’s is set to dip to 25 per cent from July 1 this year from its previous 30 per cent, delivering about $16 billion in savings by 2023-24. READ MORE: It comes as Mr Frydenberg cited grassroot businesses as a ke...
Source: qt.com.au