Butlers Blog

Small Business, jobs and families were front and centre in this years budget. Small Business: 1. From 1 July, small companies with annual turnover of less than $2M will have theri tax rate lowered from 30% to 28.5% 2. Effective immediately until 3...

On the 13 May 2014 Treasurer Joe Hockey delivered his first Federal Budget which he foreshadowed to be a "budget repair job" to deal with this Country's declining revenue collections and increasing expenditure.

The Government will increase the Medicare Levy by half a percentage point from 1.5% to 2% to provide funding for Disability Care Australia. The current exemptions from the Medicare levy will remain in place.