Posts tagged "smes budget 2023"

Small businesses should be going back to basics and understanding a few tax measures that are ending and working out the best course of action for their business.

Small businesses need a sustainable tax system that will encourage investment and generate economic growth.

SmartCompany was fortunate to discuss those policies with Small Business Minister Julie Collins in her first SME-focused interview since budget night.

According to the author, despite a government contract till 2025, the Entrepreneurship Facilitators program was scrapped in budget 2023.

In the federal budget, there were few major surprises when it came to technology spending. Here are a few other tech items that have been sprinkled throughout the budget.

The RBA’s latest forecasts now assume no further rate rises will be needed for inflation to fall back to the central bank’s 2-3% target range by mid-2025.

COSBOA chair Matthew Addison gives his assessment of the 2023 federal budget, and what else the government needs to do to support small businesses.

Work is set to commence on a new pathway for small business representative bodies to fast track their complaints to Australia’s competition regulator.

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.

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.

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.

SmartCompany editor-in-chief Simon Crerar analyses what's in the 2023 federal budget for small businesses and startups.