Yesterday, treasurer Josh Frydenberg delivered the Budget for 2022-23. With it came some announcements of which included:
- A temporary fuel excise relief
- A cost-of-living tax offset
- A one-off cost-of-living payment
- Investment into upskilling the future Australian workforce
- Helping small businesses with tax cuts
- Investments into transformational infrastructure
- More opportunities for women to fulfill their potential
- Investment into intelligence and cyber security
For a more in-depth summary about the Federal Budget, we refer you to this summary from XERO:
If you require any assistance in understanding how the benefits apply to your circumstances, please get in touch with us as we are more than happy to help.
