The 2022-23 Federal Budget handed down last night has a focus on cost of living, home ownership, and health.
We have summarised some of the main measures that may impact you and your business including
- 20% additional deduction for skills training and digital adoption
- The extension of various apprentice wages subsidies
- An increased income tax offset of up to $,1500 for low and middle income earners
- $250 cost of living payment for various welfare recipients
- Further relief for first home buyers
- 50% reduction in fuel excise.
We hope you will find the topics interesting and thought provoking.
Please contact us if you wish to discuss how the points raised in this newsletter specifically affect you.