{"id":4297,"date":"2019-04-02T12:51:24","date_gmt":"2019-04-02T02:51:24","guid":{"rendered":"https:\/\/www.www.walshaccountants.com\/?p=4297"},"modified":"2019-07-09T17:06:35","modified_gmt":"2019-07-09T07:06:35","slug":"2019-2020-budget-update","status":"publish","type":"post","link":"https:\/\/www.walshaccountants.com\/2019-2020-budget-update\/","title":{"rendered":"2019 &#8211; 2020 Budget Update"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4297\" class=\"elementor elementor-4297\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-759bf991 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"759bf991\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e6c272b\" data-id=\"4e6c272b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f115284 elementor-widget elementor-widget-text-editor\" data-id=\"3f115284\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This is a Budget not only designed to showcase the return to surplus (and by default the Government&#8217;s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure\u202fspend adds to this sentiment.<\/p><p>The Government has also stated that it will keep taxes as a share of GDP within the 23.9% cap.<\/p><p>Budget 2019-20 Highlights:<\/p><ul><li><b>Personal tax cuts<\/b>\u202f- $19.5bn package of personal income tax cuts<\/li><li><b>Small business\u202f<\/b>&#8211; Instant asset write-off increased to $30k and expanded to businesses under $50m<\/li><li><b>Infrastructure<\/b>\u202f- $100bn in infrastructure projects across all States and Territories<\/li><li><b>Regulators<\/b>\u202f- $1bn ATO task force funding targeting multi-nationals and high net worth individuals<\/li><\/ul><p>All measures, of course, are reliant on the relevant legislation passing Parliament which is by no means a given with an election looming.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c8940c elementor-widget elementor-widget-text-editor\" data-id=\"3c8940c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"\/wp-content\/uploads\/2019\/07\/budget-2019-20-ballot-box-budget.pdf\" target=\"_blank\" rel=\"noopener\">Read the full Budget Update<\/a><\/p><p>If we can assist with any additional information, please contact our office on 5592 3644 and speak with your Accountant<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>This is a Budget not only designed to showcase the return to surplus (and by default the Government&#8217;s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure\u202fspend adds to this sentiment. The Government has also stated that it will keep taxes as a share of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4445,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[64,67,62],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2019 - 2020 Budget Update | Walsh Accountants<\/title>\n<meta name=\"description\" content=\"This is a Budget not only designed to showcase the return to surplus (and by default the Government&#039;s economic credentials) but engage voters with\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.walshaccountants.com\/2019-2020-budget-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2019 - 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