A Budget warning! A Federal Budget is only a series of announcements. No announcement has effect until it is legislated. For that to happen, a bill must be passed by The House of Representatives before being passed by the Senate. From there it is effectively a formality for abill to receive Royal Assent.
That all said, the increased instant asset write-off of $30,000 has passed the Senate.
With an election pending, other announcements may never see the light of the day. Many announcements morph into quite different legislation.
Keep an eye on our posts to find out what is eventually becomes law and how you will benefit or be affected.
At MRS, we will spend today planning for your success.