The Federal Budget includes a host of measures to stimulate all levels of the economy, including manufacturing, infrastructure and the regions.
Any business making up to $5 billion can now write off any eligible expense immediately, in a huge expansion of the Instant Asset Write-off scheme.
The Government’s Budget is a welcome sight for SMEs, but it’s the attention to digitising business and empowering female entrepreneurs that makes this plan a winner.
Treasurer Josh Frydenberg has handed down a Budget that delivers on a wide range of economic measures to support businesses in rebuilding the economy.
The Government is spruiking stimulus and tax breaks in the tonight’s budget, but what will bookkeepers and accountants be paying close attention to?
The local leader in online accounting software, MYOB will be hosting Federal Labor’s first stop on the recently announced national listening tour of small businesses.
The Labor Party’s Budget reply supports the Government’s surplus and some tax cuts, yet more detail is required before clear benefit seen for the small business sector.
With a number of measures to stimulate consumer spending and ease the burden of cost for small businesses, the surplus may ease concerns regarding the global economy.