Federal Budget 2022-2023

Josh Frydenberg delivered the Budget for 2022-23. With it came some announcements.

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:

 

https://www.xero.com/blog/2022/03/au-pre-election-budget-small-business-focus/?utm_source=sfmc&utm_medium=email&utm_campaign=eofy-love-and-grow&utm_content=&sfmc_key=8c5fb406907cbcd15b75ecab9c4b43717f408606-QVUgMjYzNCBUIEFCUCBNTUUgLSBBVSBGZWRlcmFsIEJ1ZGdldA==

 

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.

Leave a Reply

Your email address will not be published.

Cryptocurrency

Being a new asset and intangible, the taxation of gains made on cryptocurrency’s have tested traditional taxation theory.

Read More »

Want to get in touch?

Simply contact us via the form down below.

Business information

08 9266 0000

admin@connollysbs.com.au

649 Beaufort St, Mt Lawley, 6050 Western Australia

Monday to Friday: 9am to 5pm