#Federal Budget
‘Brave, but lacking vision’: Budget a shaky first step on the hard road to reform
The Tax Institute’s Julie Abdalla commends political bravery in tackling big ticket tax issues but warns announced measures are complex and may trigger unintended behavioural changes.
National Farmers Federation welcomes budget support for the bush
The NFF has welcomed a range of budget announcements, heralding them as a shot in the arm for agriculture and regional Australia.
Budget 2021’s $1.2 billion digital strategy; myGov & My Health sites overhaul, tax incentives, e-invoicing and more
The Digital Economy Strategy will see a further $800 million added to measures put forth in the 2020 Budget, aiming to make Australia one of the world’s leading digital economies.
The new Federal Budget: Promised policies for tradies
The Coalition’s federal election win prompts us to reflect on their FY20 Federal Budget promises that piqued our interest. With Australian households spending over $73 billion each year on tradespeople and 250,000 trade businesses operating around the country, the sector represents an important economic contributor that deserves nurturing for continued prosperity and growth. So if […]
Aussie start up founders react to the budget
These Aussie start up founders share their thoughts on the Federal Budget reveal earlier this week, giving us an insight into how SMEs are going to be affected – the positives and the negatives. Carl Hartmann, Co-founder at ShortLyster “The part of Mr Frydenberg’s speech most relevant to the startup sector was his […]
SMEs’ wish list for federal budget revealed
With the federal budget announcement later today and an election on the horizon, a national survey reveals clear expectations of what the government should prioritise for the small to medium business sector. SME Growth Index research released yesterday shows the priorities of SMEs in regards to what the new Federal Parliament should focus on – and company tax cuts was the top response. […]
Pre-budget commentary from Sam Allert, Reckon Group CEO
Sam Allert, Reckon Group CEO, shares his thoughts on the impacts of the expected federal budget announcement this evening. General Outlook “Our survey uncovered that 65 per cent of small business owners do not believe this year’s Federal Budget will deliver positive change for their business, suggesting that they have been disappointed by budget announcements in the past. “As a result, many are […]
Xero’s Small Business Insights shares key small business findings
The accounting app Xero share their Small Business Insights with us to shed light on what small businesses should be aware of, which is now made especially relevant with the federal budget announcement later today. The anonymous and aggregated data is collected monthly from hundreds of thousands of Xero’s Australian subscribers through the Xero platform. […]
Federal Budget: startup wish list, part two
Ahead of the 2018-19 Federal Budget, which will be released on Tuesday (8 May), Dynamic Business spoke to a cohort of business leaders about the measures they hope to see from the Turnbull Government. In this article, the second in a two-parter, Julius Wei (BMYG), James Lynch (CastleCoin), Michael Jankie (PoweredLocal), Trevor Townsend (Startup BootCamp), […]
Budget: MYOB wants govt to ‘draw a line in the sand’ with the $20k instant asset tax write off
The permanent continuation of the $20,000 instant asset tax write-off scheme for businesses with up to $10million in annual revenue tops the Federal Budget wish list of Australia’s SMEs, according to research undertaken by MYOB. Originally set to conclude after 30 June 2017, the scheme was extended until 30 June 2018 by the 2017/18 Federal […]
How the 457 Visa changes will impact SMEs
Australia has long been regarded as a country which has been able to attract top international talent to encourage business growth and diversification which has been made possible through the Temporary Work Skilled (subclass 457) visa. But the abolition of the 457 scheme and introduction of a replacement program from March next year has received […]
Federal Budget: foreign worker tax introduced
Businesses that employ foreign workers will be subject to a new levy that will be used bankroll a fund for training Australian job seekers, the Government announced in the Federal Budget. From March 2018, businesses will be subject to a levy of $1200 per foreign worker or $1800 if they’re on a temporary skilled visa. In […]
A permanent $20k tax write-off for SMEs would help arrest government distrust says MYOB CEO
Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer […]
Business confidence holds as Budget approaches: NAB survey
The findings highlight relatively unchanged conditions of subdued confidence, which the NAB says points to a lack of movement towards “a sustained economic recovery developing”.
Calls for Budget job priority as unemployment rises
Unions are calling for the Abbott Government to make employment the focus of next week’s Federal Budget, as new ABS figures reveal an increase in unemployment.
Today’s small business trends speak of economic positives
In case you missed it, here is some great news for anyone feeling discouraged about Australia’s small business sector: the head count is in and it is on the rise. In further (unsurprising) news, the sector continues to carry the local economy.
Small business must have say in Federal Budget
These days it’s not uncommon to see headlines about the rising cost of living blazoned across our nation’s newspapers.
SMBs pessimistic about budget outcome
Latest Bibby Barometer survey found that small businesses are pessimistic about the outcomes of next month’s Federal Budget, with many hoping, but not expecting, reduced taxation and a cut in red tape.
Six ways to prepare for LAFHA changes
If you have staff from overseas claiming a Living Away From Home Allowance (LAFHA) you need to get up to speed with some changes coming on 1 October.
LAFHA changes: What they mean for SMBs
As of 1 October, the provision of a Living Away From Home Allowance (LAFHA) will be treated as income to employees and businesses will need to assess entitlements and employment terms and conditions under the new rules. Here’s what you need to know about managing the allowance.
Tax break loss may force foreign professionals abroad
The career choices of international professionals working in Australia may be affected by the Government’s decision to abolish the Living Away From Home Allowance (LAFHA).
Budget 2011: Building a talent pool for private businesses
Plans to build Australia’s workforce, unveiled in last night’s Budget are a step in the right direction for private businesses.
Budget 2011: Relief from unfair superannuation tax welcomed
The Government has listened to long-held concerns of tax professionals and reformed excess superannuation contribution tax traps that have tripped-up as many as 30,000 taxpayers each year, The Tax Institute said today.
NBN receives funding boost in Federal Budget
The National Broadband Network (NBN) received a funding boost in last night’s Federal Budget, with the Rudd Government allocating additional funding to implement the NBN through to 2014.