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Budget – May 2023

On Tuesday, 9 May 2023, Treasurer Jim Chalmers handed down the 2023-24 Federal Budget, his second Budget, which follows the October 2022 Budget. A Budget surplus of $4.2 billion is forecast in 2022-23, but an underlying cash deficit of $13.9 billion is expected in...

Budget – October 2022

On Tuesday, 25 October 2022, Treasurer Jim Chalmers handed down the 2022-23 October Federal Budget. The second Budget for this year updates economic forecasts and outlines the new Labor Government's priorities following the May 2022 Federal election. The Budget...

Registering Domain Names

The Australian Small Business and Family Enterprise Ombudsman has reminded small businesses to take urgent action to safeguard their brand and identity on the internet or risk seeing impersonators, web-name ‘campers’ or cyber criminals take up domain names just like...

2022-23 Federal Budget

On Tuesday March 29, 2022, Treasurer Josh Frydenberg and the Federal Government handed down the 2022-23 Federal Budget. In an election Budget, the Treasurer announced a range of cost-of-living measures, including a one-off $420 cost of living tax offset for low and...

NSW Business Support 2022

The NSW Government has made announcements regarding additional support packages for NSW Small Businesses in an acknowledgement that many businesses have recently experienced difficult trading conditions with the outbreak of the Omicron variant of COVID-19. The...

Covid19 – Federal and NSW Government lockdown support for business

The NSW Government has released additional details regarding the NSW Small Business Grant soon to be available for businesses impacted by the current lockdowns. The Federal Government has also released a Media Statement outlining additional small and medium business...

2021 Federal Budget Highlights for Business Owners

The Federal Government delivered its 2021/22 Budget on 11 May 2021. In our usual tradition, we’ve developed a “Highlights” summary of the Federal Budget specifically for business owners. Highlights for Business Owners The Temporary Full Expensing measures for...

Purchasing a Business – Part 2

In Part 2 of our Purchasing a Business Blog, we will deal with: 1. Determining the value of a business 2. Conducting negotiations   1. Determining the value of a business One of the most difficult and often subjective parts of purchasing a business is determining a...