Budget 2023: $290 million instant asset write-off scheme extension promises $20,000 threshold for small businesses
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.
Budget 2023: Budget shows Labor – finally – recognises how vital small businesses and startups are to Australia’s economy
SmartCompany editor-in-chief Simon Crerar analyses what's in the 2023 federal budget for small businesses and startups.
Ten things startups need to know about the 2023 federal budget
Here's everything startup founders need to know about what federal budget 2023 held in store for the sector.
Budget 2023: $23.4 million for small business cyber wardens program, delivered by COSBOA
The federal government will invest $23.4 million over the next three years to help small businesses build their resilience to cyber threats by training in-house cyber experts.
65% of SMEs don’t expect the federal budget to help them: MYOB survey
An even greater percentage say they are either dissatisfied or ambivalent about the federal government’s current level of support for businesses like theirs.
Explained: Payday superannuation reforms and what small businesses need to know
Employers will need to pay their workers' superannuation every time they pay their regular wage, thanks to a significant change to retirement saving rules introduced by the Albanese government.
Up to $20k tax break for SMEs that install solar, electrify heating, and more in pre-budget promise
Up to 3.8 million small and medium-sized businesses will benefit from the tax incentive to make their energy usage more sustainable and efficient.
The ‘blockbuster’ review of the RBA by Jim Chalmers and what it means for its future
Chalmers offered in-principle agreement to all 51 of the panel’s recommendations and said he would be seeking support from the Opposition for any legislation needed to implement them.
Thirteen ways to bridge the $70 billion a year deficit in our budget
Spending cuts have been the focus of budget repair efforts for most of the past decade, so a lot of the low-hanging fruit has already been picked.
Jim Chalmers shoots down fears of wage-price spiral after unions call for 7% increase to the minimum wage
Australia's minimum wages should rise by a 7% to keep pace with inflation, the Australian Council of Trade Unions (ACTU) argues, as the Fair Work Commission (FWC) deliberates on how it should boost the earnings of roughly 2.6 million workers.
Small businesses touched by dozens of recommendations in massive Productivity Commission report
The vast document addresses small business issues in several key moments, calling for decision-makers to reassess the workplace awards system, reconsider how banks finance entrepreneurs, and better share innovative ideas with startups.
Australians to cop an extra two hours of work each week if productivity doesn’t lift, Chalmers says
The average working week will blow out by two hours and wages will plummet 40% if Australia does not radically boost its productivity, Treasurer Jim Chalmers will say Thursday, sending a clear message that industry — including small businesses — must find an edge or fall behind.
