Budget 2023: $101 million to help Australian businesses adopt AI and quantum tech
The Australian government is the latest entity to climb aboard the AI hype train, and it wants you to join it! As the 2023 federal budget reveals, it wants to support businesses with AI adoption.
Budget 2023: PAYG and GST instalment increase halved to boost cash flow for 2.1 million small businesses
Cash flow support for small businesses will come through a halving of the adjustment factor applied to Pay As You Go (PAYG) and GST instalments.
Budget 2023: $392.4 million for startups and SMEs from new Industry Growth Program
Minister for Industry and Science Ed Husic confirmed that the Industry Growth Program would include grants and mentorship for startups.
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.
Your A-Z for the 2023 federal budget
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.
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.
Budget 2023: 13 key measures for small business in the 2023 federal budget
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.
“Women small business owners are an untapped resource”: Here’s how budget 2023 should prioritise them
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.
$1.5 billion in ‘bonus’ tax deductions for small business stuck in legislative limbo despite bipartisan support
'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.
Budget 2023: 13 things SMEs and startups need to know for Tuesday
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.
Half of Australia’s GDP: Why the budget should focus on SME growth
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.
