The New South Wales government has released its budget for the year 2021–22, here’s what industry experts have to say about it.
The Insurance Council of Australia has slammed the new Queensland 2021-22 budget, saying it fails to protect Queenslanders from extreme weather disasters.
The government has announced a further investment of $134.6 million in deregulation measures and reduction of red tape to help businesses…
The Australian government has announced major changes to its childcare subsidy ahead of the May 11 federal budget, but who will benefit from them?
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.
Spending and investment patterns in place prior to the pandemic now need to be revised. Here are key steps to take for a hybrid workplace…
Business investment is a key theme in the 2020-21 Budget. Treasurer Josh Frydenberg announced tax changes that are a “game changer” in the way Australian businesses manoeuvre out of one of the worst recessions on record. These changes hope to incentivise capital expenditure and support businesses to offset losses that have been widespread during the… Continue reading Navigating the 2020-21 Budget: Top tips for businesses
The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts. Two of the key announcements under the Government’s business investment strategy are the immediate expensing and loss carry-back provisions for businesses with an annual turnover of up to $5 billion. Under immediate expensing, businesses… Continue reading Accountants welcome business tax changes in the 2020-21 Budget
Last night, the Government announced a $2 billion investment into Research & Development Tax Incentives (RDTIs), scrapping a previously proposed $1.8 billion cut and a $4 million tax refund cap. The changes will apply from 1 July 2021 and will support more than 11,400 companies that claim the RDTI. In addition to the $2 billion… Continue reading Government backflips on RDTI cuts with a $2 billion boost
The 2020-21 Budget delivers the biggest Australian deficit since World War 2. The Government’s fiscal stimulus of $51 billion during the GFC pales in comparison to the $257 billion in spending unveiled by the Treasurer yesterday. We asked leading Australian economists for their first impressions on the budget and how it affects business investment in… Continue reading ‘The $1 trillion budget deficit’: Economists on the 2020-21 Budget