Finance

You can forget about a snapback for Australia

- October 19, 2020 4 MIN READ

Josh Frydenberg has told us his 2020 Budget is “all about jobs”. What he hasn’t said is that it is actually aiming for a slower recovery from the recession, as far as unemployment goes, than from most recessions in Australia’s history, writes Brendan Coates, Household Finance Director at Grattan Institute. That’s both the budget’s explicit… Read more »

Finance

Federal budget 2020: the deficit we had to have

- October 12, 2020 3 MIN READ

Over the decades, we have heard the one-liners such as ‘this is the recession we had to have’.  When the Australian Government handed down its Federal Budget on Tuesday, 6 October 2020, it was a case of ‘this is the deficit we had to have’, writes Wayne Debernardi, general manager public affairs, Institute of Public… Read more »

Opinion

The budget and builders

- October 8, 2020 2 MIN READ

The 2020 Budget is over and, as expected, is full of spending measures. We’re only a few years away from a trillion-dollar debt but the interest payments on that debt are about the same as they were back in 2018/19, so no problem, right? Well, not quite, but good for now given that we have… Read more »

kate carnell
News

Small Business Ombudsman: history making budget delivers boost for business

- October 7, 2020 5 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the Federal Government’s 2020 Budget is one for the history books, with a record spend that will help lift small businesses out of the COVID crisis and provide a much-needed boost to economic confidence.  New, extended and existing measures to further support small business… Read more »

News

Michelle Grattan: the budget will only work if business and consumers play ball

- October 7, 2020 3 MIN READ

This is an extraordinary giveaway budget, driven by desperate circumstances that would have been inconceivable less than a year ago, writes Michelle Grattan, Professional Fellow, University of Canberra. The debt and deficit numbers are predictably eye-watering – but the gamble is whether they are big enough. The Morrison government is pleading. In particular, it is… Read more »

Kate Carnell calls for support for family business
Opinion

Kate Carnell: High hopes for small business Budget boost

- October 5, 2020 3 MIN READ

Prime Minister Scott Morrison has described the upcoming Federal Budget as “the most significant since the second world war”, writes Australian Small Business and Family Enterprise Ombudsman, Kate Carnell. The COVID crisis has plunged Australia into the worst trading conditions we have seen in living memory, Small businesses are among the biggest casualties, but they… Read more »

Signpost symbolising the decisions that professional advisers can help small businesses make in terms of business viability
News

Why finance advice should be part of the budget

- September 29, 2020 2 MIN READ

Australia’s peak accounting and bookkeeping organisations, along with the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell, are trumpeting calls to subsidise professional advice for struggling small business owners. Under the proposed Small Business Viability Review program, many ailing small businesses could access a 15-month plan from an accredited professional providing advice on… Read more »

social housing
Finance

Economists call for boosts to JobSeeker and social housing ahead of budget

- September 28, 2020 4 MIN READ

Overwhelmingly, Australia’s leading economists want the budget to boost social housing and the JobSeeker unemployment benefit rather than bring forward personal income tax cuts. The 49 eminent economists who responded to Conversation-Economic Society of Australia pre-budget survey were asked to rate 13 options in terms of “bang for the buck” – effectiveness in boosting the… Read more »

Features

Federal Budget 2019: What small business needs to know!

- April 3, 2019 5 MIN READ

The 2019 budget brought many wins for the nation’s small business owners, including an increase to the instant asset write-off, investment into an apprenticeship scheme, increased infrastructure spending and a $60 million injection into the export market. Yet industry experts and small business advocates suggest more could be done to ease the burden on Australia’s… Read more »

Finance

Federal Budget: 20k instant asset tax write-off extended

- May 9, 2018 2 MIN READ

Australia’s small businesses may see some relief this financial year with Treasurer Scott Morrison announcing the extension of the $20,000 instant asset write-off in the 2018-19 Federal Budget. The write-off was slated to end this financial year, however, it has now been extended until June 30, 2019. The instant asset write-off allows businesses to claim… Read more »