Federal Budget 2016 – Reflection

The Federal Budget has been and gone for 2016 and as we knew, it was going to be an “election” budget. Purposeful is the term I used to describe it and in my opinion its a shame that a budget will pass by for another year without there being any major benefit for anyone. So much could have been done to assist small business but alas, an extension of accelerated depreciation was all that medium businesses got. Nothing further for small businesses.

So it goes without saying that the highlight for me was being part of an expert panel on the morning after the budget to discuss what ‘could have been’. The panel included

  • Mark Bouris (Yellow Brick Road MD)
  • Trent Innes (Xero MD Australia)
  • Heidi Armstrong (Sky Business)
  • John Ball (MD Google SMB)
  • Melanie Power (Xero Head of Bookkeeping)
  • Ben Heap (H2 Ventures)

It was a great experience and the discussion was robust

Below are articles, a wrap up video and pics from the day.

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http://www.businessinsider.com.au/how-simple-budget-measures-could-have-done-more-for-startups-and-small-business-2016-5

http://www.businessinsider.com.au/here-are-the-pros-and-cons-of-federal-budget-package-for-small-businesses-2016-5

http://www.xero.com/blog/2016/05/australian-budget-means-small-business/

 

markbouris1

Published by James Solomons

FCA, GAICD. Innovative Business Leader. Global CFO @Xref (ASX:XF1). Director at @business_Depot (formerly Aptus Accounting & Advisory @AptusAA). Former Head of Accounting @Xero Australia. Advocate, Entrepreneur & Educator #Family #Football #Fastcars!

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