Tax  Business  Wealth

Ace in the Hole – Budget 2023 – 2024

The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. 

The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and individual tax receipts. But the gains can’t be relied on long term. The Budget is expected to deliver a deficit of $13.9 billion in 2023-24, and a $35.1bn deficit in 2024-25. 

Download the full article here

Book a free 90 minute business and wealth review.

We’d love to discuss your business to see if there’s scope to grow your cash flow and profit while being smarter with tax.

Get in touch

Tax
Wealth/Personal