Federal Budget 2021

Employers will need to make superannuation guarantee payments for more employees from next year, with the federal government moving to remove the $450 monthly minimum income threshold. 

The 2021 federal budget includes a suite of measures designed to address workplace shortages, boost skills levels and get more people back into work.

If the government can’t win an election with this cash splash, it should give up politics, writes Bernard Keane.

The federal government has used the budget to announce plans for a new mandatory franchise disclosure registry to help prospective franchisees access the information they need.

The federal budget has revealed more details about the $500 million tax incentive designed to make employee share schemes easier to navigate.

The government will spend $2.6 million over a four-year period to “support and strengthen” SME participation in Commonwealth procurement. 

Small and medium businesses are among the winners in this year’s budget, which puts skills and training, the digital economy and dispute resolution front and centre.

Small and medium businesses will be able to immediately deduct the full cost of all new asset purchases for another 12 months under measures included in tonight's budget.

The Morrison government has proposed to give small businesses an easier way to pause debt recovery action pursued by the tax office.

There are still a few budget items that haven't been revealed. Here are four areas leaders in the sector are keeping an eye on.

The Morrison government will revamp taxation on employee share schemes in a $500 million bid to boost innovation and entrepreneurship. 

Skills and training along with support for women in workplaces have emerged as key areas SMEs are hoping the government addresses tonight.