WHAT DOES THE FEDERAL ELECTION RESULT MEAN FOR PERSONAL TAX CUTS?

The Morrison government has proposed a number of personal tax cuts which would mean for some tax payers they would receive up to $1,080 back when preparing their 2019 Income Tax Return. The proposed change will benefit more than 10 million workers that will receive the tax offset.

To read more click on the link below:


https://www.abc.net.au/news/2019-05-19/election-2019-over-what-now-for-scott-morrisons-government/11128158

Please contact Chris Mercieca, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.