What do small businesses want in this year’s Federal Budget?
The first Labor budget in a decade will be dropped on Tuesday 25 October by the new Treasurer, Jim Chalmers. Amidst an existing economic climate that’s replete with consecutive interest rate rises, mortgage pressure, soaring inflation and a higher cost of living — this will be an important budget for both individuals and small businesses.
Budget 2022: Hospitality owners call for urgent action as staff shortages replace lockdowns as number one challenge
Restaurant owners want next week's federal budget to address staff availability and the punishing cost of doing business, six months after pledges in the last budget left one small trader feeling like a "tool" in an election campaign.
Budget 2022: The 10-year cost of Stage 3 tax cuts grows by $11 billion as Chalmers downplays action
Treasurer Jim Chalmers says the expected 10-year cost of the tax reforms has blown out, but said next week's federal budget is not the place to address those concerns.
Budget 2022: COSBOA calls for $23 million SME cyber investment, softens multi-employer bargaining language
COSBOA is pushing for new government spending on SME skills training and resilience measures while softening its language on multi-employer bargaining.
Governments are freaking out financial markets, and it could derail Australia’s budget
The Bank of England has once again needed to intervene in the UK and financial markets everywhere are skittish and lack confidence in governments.
The Stage 3 tax cuts explained: Who benefits the most, and why is the government rethinking them?
Tradies, hairdressers, nurses and politicians could miss out on a tax break if the federal government backflips on, or rethinks, the scheduled Stage 3 tax cuts, as the Treasurer flags "difficult decisions" must be made in this month's federal budget in light of a looming global recession.
Government plan allowing Optus to share hacked user data with banks labelled a “red herring” by privacy advocates
The federal government wants to make it easier for telcos to share hacked user data with the banks, but advocates want greater action.
ACCC to lead year-long Albanese government inquiry into the increasing cost of childcare
Next month’s budget will include $10.8 million to fund the inquiry, with government sources emphasising the probe would be very rigorous and operators would be put on the spot to explain high fees.
October budget an “opportunity” to help SMEs with cost pressures, CPA Australia says, as Labor tempers expectations
The Albanese government is unlikely to reveal revolutionary cost-of-living support measures in next month's federal budget, Treasurer Jim Chalmers says.
Small businesses brace for cost increases as fuel excise reduction nears its end
The Albanese government has decided to put an end to the six-month fuel excise reduction which will see the price of petrol go up by 25 cents a litre.
“Do or die”: Tech players welcome government commitment to $1.55 billion “bonus” tax offsets for SMEs
Business bookkeeping platforms have welcomed draft legislation which could create $1.55 billion in "bonus" tax offsets for small businesses.
COSBOA to consider ACTU’s sector-wide bargaining proposal as big business baulks
Australia's peak body for small business groups will not immediately discount an Australian Council of Trade Unions proposal to introduce sector-wide enterprise bargaining.
