The Prime Minister Scott Morrison continues his plan to fast track another 2.5% of tax cuts for small and medium businesses. The original plan was to take effect in 2026-27, but the PM recently announced his pledge to have it in place by 2021-22. 2.5% may not seem much, but that additional profit can be reinvested back into the business or aid in cash flow or even tax liabilities. Read the full story on The Guardian here.
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