The Ballot Box Budget The 2019-20 Federal Budget is designed to showcase the return to surplus (and by default the Government’s economic credentials) and engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment. 2019-20 Budget highlights include: Personal Tax Cuts - $19.5bn package of personal income tax cuts Small Business - Instant asset write-off increased to $30k and expanded to businesses under

Single touch payroll deadline for all employers From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts. Solutions for micro employers For micro employers (generally defined as businesses with one to four employees) who do not currently have payroll sof