federal budget

May 2023 Federal Budget: What It Means for Small Business

By |2023-05-26T15:44:22+10:00May 26th, 2023|Business, Companies, Federal Budget, Super|

The 2023 Federal Budget was announced on Tuesday 9 May 2023, with a focus on cost-of-living relief and modernising our economy. There were 2 very important things not mentioned in the 2023 Budget that may affect you as a business owner: The Temporary Full Expensing measures end on 30 June 2023.  The Temporary Full

2023 Federal Budget Highlights

By |2023-05-26T15:45:13+10:00May 26th, 2023|Business, Companies, Federal Budget|

The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. The following is a list of highlights from a tax and superannuation perspective. Businesses The instant asset write-off threshold for small businesses applying the simplified depreciation rules will be $20,000 for the 2023-24 income year. An additional 20% deduction

2022 Federal Budget: What It Means for Small Business Owners

By |2022-04-11T10:07:24+10:00April 11th, 2022|Business, Federal Budget, News, Uncategorised|

With a Federal Election due in the next 8 weeks, the Morrison Government has just made its bid for re-election with the following headline announcements in its Federal Budget released on Tuesday 29 March 2022: Petrol tax slashed by 22 cents per litre for 6 months from Budget night. 10 million low and middle-income

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