Here are the three biggest takeaways for your business:

• The $20,000 Write-Off is Now Permanent: Small businesses with turnover under $10 million can finally plan with certainty. The $20,000 instant asset write-off is now a permanent fixture. This allows you to build equipment and technology upgrades into your long-term planning rather than rushing purchases before June 30.
• Cash Flow Relief via Loss Carry-Back: In a helpful move for stability, the government made the two-year loss carry-back permanent for companies with turnover under $1 billion. If you record a tax loss, you can offset it against tax paid in the prior two years to get a cash refund, a vital safety net for maintaining liquidity.
• A New Reality for Trusts: From 1 July 2028, a 30% minimum tax will apply to the taxable income of discretionary trusts. While this is a few years away, the government is offering a restructuring rollover relief window between 2027 and 2030. Now is the time to review your structure, not as a reaction to a headline, but as a deliberate strategic move.

Go Deeper: For a broader look at the Budget beyond small business, this overview from The Conversation covers everything from aged care funding to personal tax relief. 

Click here to access our LCI Advisory Federal Budget Report for a full technical breakdown.