We dive into some of the key budget announcements including the passage of the legislation enabling the 'cost of living' initiatives, the 120% training & skills and technology deduction boost for SMEs, and what's missing - what issues should have been but were not addressed!
Members, download the full March 2022 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.
Inside this month Michael Carruthers (Tax Director, Knowledge Shop), Matthew Tse (Tax Adviser, Knowledge Shop), and Lisa Armstrong bring you:
The ‘cost of living’ Budget initiatives - Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022
The small business initiatives:
The skills & training boost offering a $120 deduction for every $100 spent
The technology boost offering a $120 deduction for every $100 spent
What was missing from the Budget? The pending reforms that have gone silent
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