Posts tagged "small business federal budget 2023"

Wondering what the terms used in the federal budget actually mean? Look no further, we've got you covered with this easy-to-understand guide.

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.

The full scope of the expectation-defying document will come into focus in the days to come, but here are the key policies and updates for SMEs delivered by the Albanese government’s first ‘full’ budget.

Ahead of the federal budget unveiling today, vulnerable women small business owners across Australia are hoping for relief from the relentless cost of living pressures currently plaguing the entire country.

'Bonus' tax deductions incentivising small businesses to invest in digital upgrades and staff training are yet to be passed into law, a year after the Morrison government first introduced the dual policies.

Buffeted by economic headwinds, federal leaders have repeatedly advised it won't be a spending free-for-all, yet some $14.6 billion in cost-of-living relief is on the cards.

SMEs represent 99.8% of all businesses in Australia, contribute half of the GDP, and are critical to the nation’s economic prosperity and diversity.

More government plans to support households and businesses through the period of sky-high inflation will be unveiled in the budget on Tuesday night.

Small business leaders do not expect Tuesday's federal budget to funnel cash towards the sector, instead predicting policies designed to shield local enterprises without worsening inflation.

An even greater percentage say they are either dissatisfied or ambivalent about the federal government’s current level of support for businesses like theirs.