The Treasurer, Dr Jim Chalmers, handed down his first Federal Budget (an updated budget for the 2022/23 financial year) Tuesday last week.
The good news is that there were virtually no tax or superannuation changes affecting small or medium-sized businesses. This is very much welcomed.
The bad news is with interest rates rising, high inflation and labour costs rising, businesses looking for assistance from the Government will be very disappointed by this interim Budget.
Please see attached for our analysis and What It Means for You.
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