Wednesday May 10th, 2023
Federal Budget 2023
What the budget means for you, your business and your super.
What the budget means for you, your business and your super.
You may be wondering..... what the go is with all the emoji's above. And you may also be thinking FBT (Fringe Benefits Tax) doesn't apply to me.
At Growthwise, we're all about setting and crushing our individual goals. We believe that setting goals is crucial for both personal and professional growth, which is why we've created a structure and system to help our team do just that. Every year, we use the MiGOALS Goal Digger Planners to set long-term goals, and break them down into manageable weekly chunks.
Phase 2 is rolling out inside Xero over the coming months with the deadline of reporting to the ATO on the 1st January. So what does it mean for you?
Do you set Goals each year? Or do you tell yourself to set New Years Resolutions? Should you? And if you do......how do you perform each year?
What this means for you and your business
This year's budget is all about spending to continue to stimulate the economy. Specifically aimed at hiring and investment along with some tax cuts thrown in.
This page is a summary of all the Government Stimulus announced as part of COVID-19. Note JobKeeper is such a huge piece of legislation with so many intricacies that we will have a dedicated page just for this.
For Small Business re COVID-19
Another announcement this morning from the PM on a range of additional measures to help support Medicare, Mental Health, Domestic Violence and emergency food services.
For Small Business re COVID-19
Today the government announced additional measures to assist small businesses. These measures have adjusted and added to the stimulus package announced last week. We've summarised below both the new announcements and the existing to make it easier for you to understand what applies for you. We will keep updating this as new measures are announced.