Australia

With a focus on easing increasingly high costs of living and relieving some pressure on small businesses, the Government’s pre-election Budget provides welcomed tax breaks, cash flow support and a range of measures aimed at digitisation.

Read our comprehensive analysis below.

Federal Budget Debrief Webinar

What does the Federal Budget mean for Australia’s middle-market businesses?

Todd Want and Danielle Constantine break down the key budget measures and help you prepare strategies.

5 key take-outs for SMEs

Train your
employees

Can you use the Skills and Training Boosts for financial support to upskill your workforce?

Find out more >

Digitise your
business

Between the TFE and the new technology “boost”, there’s good incentive for technology investments.

Find out more >

Watch your
cashflow 

Reductions to fuel excise and GST and PAYG instalments will increase cashflow.

Find out more >

Consider digitised tax reporting

It will make your life easier, but will make data matching easier for tax authorities.

Find out more >

Pay attention to tax risks

There is increased funding for ATO audits of larger, riskier business and transactions.

Find out more >

Key policies at a glance

Cost of
living

The 2022-23 Budget focused on easing cost of living pressures.

Find out more >

Safer &
Cleaner 

Measures designed to protect the environment and provide disaster relief.

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Health, Aged Care & Education

Increased focus on Health, Aged Care, Disability and Education.

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Infrastructure &
Regional

Investing in infrastructure with a focus on regional areas.

Find out more >

Women’s
Initiatives

Investing in women’s health, leadership and safety.

Find out more >

Budget analysis

Small to medium business

The Federal Budget supports investments into technology and skills training, with a boost to cashflow by tax instalment reductions.

Business

The 2022-23 Federal Budget focuses on reducing the complexity of tax and regulatory compliance for businesses, and facilitating data sharing.

Individuals

Tax relief, and more flexible parental leave arrangement are some of the key changes for individuals.

Superannuation

Removal of the $450 per month income threshold will see employers making contributions for all employees from 1 July 2022.

Grants and incentives

Focuses include expansion of the patent box regime to agricultural sector and low emissions technologies; and boosting modern manufacturing.

Workforce

The Government has announced a series of measures to support the upskilling of Australia’s workforce and address workforce shortages.

2022-23 Budget spokespeople

For commentary on the 2022-23 Federal Budget, please direct your enquiries to danielle.shaw@williambuck.com

Greg Travers, Director

Small Business and International

Jack Qi, Director

Tax – Technology and Innovation

Belinda Hudson, Director

Business Advisory – Health

Ian Cattanach, Director

Business Advisory – Manufacturing

Scott Girdlestone, Director

Wealth Advisory – Wealth

Tricia Kleinig, Principal

Superannuation

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