Federal Budget 2023

COSBOA chair Matthew Addison gives his assessment of the 2023 federal budget, and what else the government needs to do to support small businesses.

Labor has handed down its second budget, with more startup and SME measures that last time. But founders have still found gaps.

Work is set to commence on a new pathway for small business representative bodies to fast track their complaints to Australia’s competition regulator.

Labor is sunsetting the eligibility of plug-in hybrids to receive the fringe benefits tax exemption for EVs.

The Australian Taxation Office will offer an amnesty to small businesses which have fallen behind on their payments.

The Australian government is the latest entity to climb aboard the AI hype train, and it wants you to join it! As the 2023 federal budget reveals, it wants to support businesses with AI adoption.

Cash flow support for small businesses will come through a halving of the adjustment factor applied to Pay As You Go (PAYG) and GST instalments.

Minister for Industry and Science Ed Husic confirmed that the Industry Growth Program would include grants and mentorship for startups.

The instant asset write-off threshold will temporarily rise to $20,000, giving small businesses another chance to invest in their operations and immediately deduct the full cost of depreciable expenses from their tax bill.

SmartCompany editor-in-chief Simon Crerar analyses what's in the 2023 federal budget for small businesses and startups.

Here's everything startup founders need to know about what federal budget 2023 held in store for the sector.

Wondering what the terms used in the federal budget actually mean? Look no further, we've got you covered with this easy-to-understand guide.