The 2026 Federal Budget dropped last night, and this one is not a quiet little tidy-up budget.
The simplest way to explain it:
The government gives with one hand and tightens with the other, and the tightening is all to small businesses and investors.
Workers get some tax relief. Small businesses get a few useful cashflow measures. But investors, family trusts and long-held assets have been hit, and hit hard.
New year, same red tape for small businesses 🚗💻📞🎉🏇⚽🍸🍔🍕🍺 (but with a few new rules!)
What the budget means for you, your business and your super
What the budget means for you, your business and your super.
You may be wondering..... what the go is with all the emoji's above. And you may also be thinking FBT (Fringe Benefits Tax) doesn't apply to me.
At Growthwise, we're all about setting and crushing our individual goals. We believe that setting goals is crucial for both personal and professional growth, which is why we've created a structure and system to help our team do just that. Every year, we use the MiGOALS Goal Digger Planners to set long-term goals, and break them down into manageable weekly chunks.
Phase 2 is rolling out inside Xero over the coming months with the deadline of reporting to the ATO on the 1st January. So what does it mean for you?
Do you set Goals each year? Or do you tell yourself to set New Years Resolutions? Should you? And if you do......how do you perform each year?