The 'have a go' budget - 2015

Highlights can be seen below but for the full response (PDF) please click here.

This is a highly targeted Budget that seeks to keep change within community tolerance levels.

Most spending measures target productivity gains - although small businesses with turnover between $2m and $5m will be disappointed. Revenue measures target the asset or income rich, or just plain unpopular.

Accelerated depreciation across multiple areas

  • Micro business - immediate deductibility from Budget night for any assets purchased and used
  • or installed and ready to use by 30 June 2017 that cost less than $20,000
  • Start ups – immediate deductibility for professional expenses – cost of lawyers and accountants
  • to get a business up and running
  • Farmers – immediate deductibility for fencing and water facilities
  • Tax cuts for small business (under $2m) from 1 July 2015
  • 1.5% company tax reduction
  • 5% tax discount for unincorporated small businesses
  • GST on digital supplies
  • Similar GST treatment applied to supplies of digital products to Australian consumers –
  • including consulting and professional services – regardless of whether they are supplied by a
  • local or foreign supplier
  • Individuals
  • Changes to work related deductions for car expenses – 12% of original value and one third of
  • actual cost methods removed and simplification of cents per kilometre method
  • FBT changes
  • Changes to salary sacrificed meal entertainment for not for profits
  • Expansion of FBT exemption for work related electronic devices provided by small businesses
  • Multinationals targeted
  • Changes to Part IVA target around 30 global companies with revenue in excess of $1bn
  • Accessing government benefits
  • Changes to how superannuants’ income counted for social security
  • Child care shake up - Collapses three current eligibility tests with one means and activity test
  • Asset test changes mean 91,000 pensioners no longer qualify and 235,000 will have pension
  • reduced
  • ‘Double dipping’ Government and employer paid parental leave stopped

Cristy Houghton

Embarketing, 48 Johnston Street, Wagga Wagga, NSW, 2650

Cristy's unique career has taken her from country NSW to the city lights of Clarendon Street South Melbourne and back again. With an early career in radio as a copywriter and creative strategist, she is now a Jill of all trades as a graphic designer, website builder, blog writer, video editor, social media manager, marketing strategist and more. 

In fact, give her any task and this chick will figure out how to do it! Go on, we dare you!

No, really, we DARE you!!

Cristy has won two Australian Commercial Radio Awards (ACRAs) for Best Ad and Best Sales Promotion, and even has an 'Employee of the Year' certificate with her name on it.

Cristy and her husband James have traveled extensively through Russia, China and South East Asia, and have two fur-babies, Sooty (cat) and Panda (puppy). Cristy loves drinking coffee, meeting people to drink coffee, coffee tasting and coffee flavoured cocktails. She also enjoys road trips, TED Talks and watching cat videos on youtube.