2020/21 Federal Budget Analysis

All Federal Budgets garner significant interest. The 2020/21 Budget, however, takes this interest to a new level, coming as it does at a time of uncertainty and concern unique in the lifetimes of many Australians.

The main focus of the Budget is personal and business tax relief and infrastructure projects. The acceleration of personal tax cuts and the swathe of business tax incentives should provide additional liquidity to cash-strapped clients and their businesses. A series of reforms recommended by the Productivity Commission that stand to significantly reshape the industry were also proposed.

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