Budget 2024
The 2024 federal budget was unveiled on Tuesday by treasurer Jim Chalmers. There were minimal changes or reforms to the taxation system, especially concerning small and medium-sized enterprises (SMEs).
2023 Budget Update
As we approach the one-year anniversary of the new Albanese Government, there were hopes, or some fears, that the approach of the new Government would be significantly different to the prior Government, and that as a result, we would see a substantially different budget with major changes in tax policy. We can report that there […]
Budget 2022
The 2022 Budget marked a big change from the past 2 years which saw large expenditure and business support to help the economy and country through COVID-19. The Budget’s focus this year is on cost of living pressures, with minimal new measures announced relating to businesses. We have summarised the key measures impacting businesses and […]
2021 Budget Wrap Up
On Tuesday 11th May 2021, the Treasurer handed down the Federal Budget which sees a continuation of the Government’s focus to support the economy through a COVID-19 induced downturn. This Budget sees a high level of spending continue – the 2021 budget deficit is $161b and net Government debt is forecast to reach $980b by 2025. […]
2020/21 Federal Budget Recap
With all of the unpredictability that is 2020, the Federal Government has followed suit by delivering a Budget in October rather than the usual May timeframe. As expected, the overshadowing theme of this year’s Budget is COVID-19 relief and an economic recovery plan that provides incentives for both individuals and businesses. In this newsletter, we […]
