This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: A 6 month, 50% reduction in fuel excise with effect from midnight Budget night A $420 cost of living tax offset for low and middle […]
This is part of our series on the 2022/2023 Budget: See Overview Temporary reduction in fuel excise From: 12.01am – 30 March, 2022 There are a few jokes going around social media about the price of fuel. As widely predicted, the Government will temporarily reduce the excise and excise-equivalent customs […]
This is part of our series on the 2022/2023 Budget: See Overview $120 deduction for every $100 spent on technology From: 7:30pm AEDT, 29 March 2022 until 30 June 2023 The Government intends to provide a 120% tax deduction for expenditure incurred by small businesses on business expenses and depreciating […]
This is part of our series on the 2022/2023 Budget: See Overview $120 deduction for every $100 spent on skills and training From: 7:30pm AEDT, 29 March 2022 until 30 June 2024 The Government intends to provide a 120% tax deduction for expenditure incurred by small businesses on external training […]
This is part of our series on the 2022/2023 Budget: See Overview Visa rule changes The pandemic has created a scarcity of labour. As a result, the Government is relaxing certain work restrictions for a range of visas including eligible Student and Working Holiday Maker (WHM) visa holders, and extended […]
This is part of our series on the 2022/2023 Budget: See Overview Australia’s unemployment rate is at 4%: the lowest rate in 48 years. Amid the ongoing COVID 19 pandemic and natural disasters, the Australian economy has outperformed all major advanced economies, experiencing a stronger recovery in output and employment […]