1. Utilise incentives to upskill your workforce Can you use the skills and training boost for financial support to upskill your workforce? SME businesses will get an additional 20% deduction for the cost of external training courses provided to employees. There is no cap, but
The Morrison Government is delivering $1.6 billion in tax relief to support small businesses to go digital and upskill their employees. As part of our plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and
The Council of Small Business Organisations Australia says that this year’s Federal Budget provides well-considered structural reform that will greatly benefit small businesses in the medium and long-term, ensuring they are well-positioned to recover, grow, and thrive in the increasingly digital world. COSBOA CEO Alexi
The budget has been generally well-received by key small business groups. However, opinions do vary between industry leaders. Let’s hear what they have to say about the 2022-2023 Budget. The Council of Small Business Organizations Australia (COSBOA) welcomed the Budget as providing well considered structural
The Federal Government announced an extension to the Boosting Apprenticeship Commencements and Completing Apprenticeship Commencements wage subsidies program with a $365.3 million investment that will support an extra 35,000 apprentices and trainees get into a job. Enrolments for the Boosting Apprenticeship Commencement wage subsidy, which provides employers with
Australia continues to benefit from the Morrison‑Joyce Government’s record infrastructure investment, with $17.9 billion committed towards new and existing infrastructure projects in the infrastructure pipeline in this week’s Federal Budget. With investments in new and existing infrastructure projects in every state and territory, the Government’s rolling
When is the Australian Federal Budget 2022? The 2022 Federal Budget will be held earlier than usual: Tuesday 29 March. It is normally delivered on the first Tuesday in May. BDO releases an annual Budget report and reviews the key measures in a webinar. Follow BDO on LinkedIn and Twitter for all updates
The quality and timing of infrastructure development are critical to how well Australia’s economy will perform as it transitions to a greener economy and looks to build local manufacturing capability. After an uncertain few years, this Federal Budget is an opportunity to focus on the
From the Treasurer’s speech to the depths of Budget Paper No. 4, Australia’s Federal Budget appears impenetrable. But for some people, 29 March 2022 Federal Budget night is an opportunity to dive into the intricacies of how around half a trillion dollars in Commonwealth taxes
JOSH FRYDENBERG: Well, good morning. Tonight’s Budget will demonstrate that growth is higher, unemployment is lower, and wages are strengthening. We will be banking the dividend of a stronger economy with a material improvement to the budget bottom line. Deficits will be lower and debt
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