2022 Federal Budget overview
We’ve pulled together a snapshot from last night’s 2022 Federal Budget announcement to highlight who will be receiving a bit of a boost to their back pocket in the Treasurer’s latest budget.
We’ve pulled together a snapshot from last night’s 2022 Federal Budget announcement to highlight who will be receiving a bit of a boost to their back pocket in the Treasurer’s latest budget.
Only twelve months ago we were in the thick of a Covid recession, but according to Josh Frydenberg “Team Australia” is bouncing back. It comes with the announcement of the 2021 Budget, which promises $30 billion in tax cuts. Here’s some highlights for small-medium business owners, as well as families.
Small businesses operating as companies are one of the bigger winners out of this year’s budget.
The Government has announced that it will legislate the objective of superannuation as ’to provide income in retirement to substitute or supplement the Age Pension’.
The Government says that this objective has guided the other reforms announced and a legislated objective will enhance stability in the superannuation system