The Albanese Government - Federal Budget 2022/23
On Tuesday, 25th October, Federal Treasurer Jim Chalmers handed down the ‘2022/23 Albanese Government – Federal Budget’, providing a brief introduction into Labor’s priorities to steady the peak of inflation and manage Australia’s economic deficit.
The Treasury plan announced aims to implement “responsible” support measures without adding to inflation and set a five-point plan for cost-of-living relief across child-care, healthcare & medicines, housing, potential wage growth, and support for families.
For individual taxpayers and businesses, the Federal Government’s announcement of proposed new tax reforms were minimal, however further boosts were given to tax collection measures at enterprise level.
In our Federal Budget – Albanese Government 2022/23 – Insights & Analysis Report, we provide a detailed breakdown of the main measures announced and how these changes affect you and your SME business.
Should you require any further information or wish to book a complimentary consultation to review how the team at Archer Gowland Redshaw can help you at an individual or business level, please contact us on (07) 3002 2699 | info@agredshaw.com.au.
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