Posts tagged "Budget 2019"

The federal budget was sadly lacking in measures to support startups with very little in the way of direct assistance for innovation.

There are two tax issues the government seems unwilling to resolve: the taxation of trusts and anti-avoidance measure Division 7A.

Measures to extend and enhance the instant asset write-off have passed the Senate in a post-budget voting blitz that saw 28 bills passed yesterday.

Australian small-business owners are celebrating the government's proposed boost to the popular instant asset write-off scheme.

Small businesses have welcomed the coalition's tax relief pitch, but startups say the federal budget lacked support for innovation.

The government has proposed expanding the STP reporting regime to enable more data to be collected for use by the tax office.

The coalition wants to crack down on sham contracting and has proposed giving the Fair Work Ombudsman an extra $9.2 million over four years.

The government has committed an extra $1.2 billion to Australia’s Medical Research Investment Plan to support STEM commercialisation projects.

The government has proposed a boost to the instant asset write-off which would increase the threshold and give medium-sized firms access to the scheme.

The government is looking to back SMEs exporting overseas, proposing $61 million over three years to help businesses get the word out about their products.

The government has proposed adding red tape to the ABN system to safeguard it against black economy behaviour and make holders “more accountable”.

Incentive payments for businesses looking to employ apprentices would double to $8,000 per placement under a $525 million government proposal.