Federal Budget 2024

Booking a surplus for the second year running, this year’s budget contains a buffet of measures for SMEs, from another extension of the instant asset write-off, to additional funding for the Small Business Debt Helpline and NewAccess mental health support. 

Since 2015, federal governments have offered an instant asset write-off to SMEs. It is about time the budget measure is made permanent.

It's now commonplace for governments to announce key budget policies in the weeks and days before the big event, and we already know cost of living relief and the government's Future Made in Australia plan will take centre stage in this budget.

In a survey of 500 sole traders, conducted by accounting platform Hnry in March the lead-up to the 2024 federal budget, tax relief took the top three spots on the list of measures these small business owners would most like to see in the budget papers.

The third Chalmers’ budget will deliver a surplus of $9.3 billion for this financial year – the second successive surplus of the Albanese government.

Wondering what the terms used in the federal budget actually mean? Look no further, we've got you covered with this easy-to-understand guide.

Australians could soon breathe a sigh of relief as federal budget forecasts reveal inflation may temper a year earlier than previously predicted.

Australia’s startups are looking for help in tomorrow's budget, with improvements to the investment environment, regulatory clarity and tax assistance topping the sector’s wishlist.

Small businesses want to see two key things from Treasurer Jim Chalmers on budget night: long-term thinking and incentives to spend on future growth. 

In contrast to the previous year, we're going into the 2024 federal budget with less of an idea of what the startup and tech sectors can expect for them.

Small businesses will have another 12 months to access the instant asset write-off, with the government set to extend the measure in Tuesday's budget.

Ryan Williams says if the budget can fulfil this ‘wishlist’ for SMEs, it will create a more supportive economic environment for small and medium-sized companies that are currently experiencing tough times.