There was good news for small businesses in the Victorian Government’s budget announcement.

Payroll cuts will be brought forward one year, with the threshold increasing from $575,000 to $650,000 from July 1 2018, benefiting approximately 38,000 Victorian businesses.
 
Regional businesses will get extra support by way of a 25% discount on their payroll tax, helping businesses grow, and encouraging further employment of workers in regional areas.
 
 
 
Source: Small Business Victoria