Budget 2022: Sector-by-sector guide
In another big spending budget, small businesses in a range of sectors stand to benefit. Here’s SmartCompany’s sector-by-sector guide.
JobMaker scheme meets just 1% of 450,000 new jobs target
The $4 billion JobMaker hiring credit was designed to employ job seekers between 16 and 35 years old between early October 2020 and Wednesday last week.
Small businesses now able to claim JobMaker hiring credits
Small businesses can begin claiming hiring credits under the federal government’s JobMaker program this week, with the first quarterly claim period opening on Monday.
JobMaker hiring credits could be revised, after COSBOA highlights “onerous” burden for small business
Treasury is working with the Council of Small Business Organisations to address key concerns about the JobMaker hiring credit program.
ATO sounds warning on companies misusing asset write-off and loss carry-back schemes
The ATO has warned businesses against misusing the government’s expanded asset write-off scheme and the new loss carry-back provisions.
The budget winners and losers: Experts weigh in on how it will affect SMEs
In an uncertain business landscape, many are wondering how this budget sets the roadmap for small business recovery.
JobMaker not suited to most SMEs, as Treasury estimates hiring credits will create 45,000 jobs, not 450,000
The federal government’s JobMaker hiring credit is not suited to many SMEs, which are still in a recovery phase, according to CPA Australia.
The budget sets us up for an unreasonably slow economic recovery, says Grattan Institute
Josh Frydenberg has repetedly said the 2020 budget is “all about jobs”, but he hasn't drawn attention to his economic recovery timeline.
In defence of JobMaker: JobKeeper’s replacement might not be perfect, but there’s much to like
The JobMaker hiring credit could prompt employers to hire Australians facing prolonged unemployment.
Budget 2020: Asset write-off, loss carry-back provisions and R&D changes pass parliament
Legislation for the new asset write-off scheme, as well as personal income tax cuts, passed through parliament without amendments on Friday.
Budget 2020: New Enterprise Incentive Scheme gets $5.7 million extension to help more aspiring and micro business owners
The federal government will spend $5.7 million over the next two years to give more aspiring and micro business owners access to the New Enterprise Incentive Scheme.
Social housing was one mammoth missed budget opportunity — and Australia’s leading economists agree
Last night, Labor delivered its alternative budget, saying it would be investing $500 million in fast-tracking repairs to social housing.
