2015 federal budget

Latest

Fringe Benefits Tax on portable devices used for work abolished

5:43PM | Tuesday, 12 May 2015 |  Startups that supply their employees with portable devices like laptop and tablets will no longer need to pay Fringe Benefits Tax (FBT) on either device.

Budget outlines minor changes to proposed Employee Share Scheme

5:42PM | Tuesday, 12 May 2015 |  The federal budget has revealed a few minor changes to the Employe Share Scheme reform scheduled to come into effect on July 1.

Budget suggests crowdsourced equity funding scheme coming soon

5:41PM | Tuesday, 12 May 2015 |  Australia will likely have a crowdsourced equity funding scheme in place before the end of the 2015-16 financial year.

Entrepreneurs Infrastructure Program’s funding cut by $27 million

5:40PM | Tuesday, 12 May 2015 |  The Entrepreneurs Infrastructure Program, implemented in last year’s budget as a replacement for Innovation Investment Fund and Commercialisation Australia, was a target for savings in the latest federal budget.

Budget 2015: “Our economic plan is working” Hockey says as he reveals $41 billion deficit

5:37PM | Tuesday, 12 May 2015 |  Treasurer Joe Hockey says the government is sticking to its plan to strengthen Australia’s economy as he revealed a budget deficit of $41.1 billion for 2014-15.

Budget 2015: tax cuts to support startups, but few measures to encourage or educate potential entrepreneurs

5:07PM | Tuesday, 12 May 2015 |  A reduction in the company tax rate, help with costs of starting a business, and the ability to write off every asset that costs less than $20,000, are among the positives for startups in the 2015 Federal Budget.
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