Posts tagged "Budget 2020 for SMEs"

The federal government’s big spending budget has won praise among small business advocates, who’ve welcomed the focus on tax incentives, wage subsidies and mental health support. 

The federal government will spend $7 million on programs that support the mental health and financial wellbeing of small businesses owners affected by the coronavirus pandemic. 

A break down of what the budget means for net debt, net migration, individual tax rates, cash balance, and past and projected GDP.

The 2020 federal budget creates a climate of confidence at a time when most small business owners are struggling with unprecedented uncertainty.

Treasurer Josh Frydenberg has handed down the 2020 federal budget. Here's what it means for small businesses and startups.

Australian businesses will be able to write-off the full value of all new assets under a measure announced in the federal budget.

More than 11 million Australians will get a backdated tax cut, and superannuation accounts will now follow employees from job to job.

The government has introduced a suite of JobMaker wage subsidies to get young people into jobs, but eligibility is on a tight leash.

The government is relying on middle- and high-income earners and businesses to spend big and kick-start the economy.

Treasury is considering a scheme allowing SMEs to claw back tax paid on last year’s profits, to be announced in tomorrow night’s budget.