The Bulletin
Business Growth
.

SME Business

CreditorWatch: Budget 2020 comment

  • Written by CreditorWatch Chief Economist, Harley Dale

This Federal Budget is all about generating an economic recovery through creating jobs. Against a backdrop of the largest deficit and debt levels since the Great Depression, the government is to be commended for announcing a number of measures that will assist in generating jobs and economic growth.

The job maker hiring policy is, for example, a smart way to generate employment and the bringing forward of tax cuts makes sense in the current environment.

The government has considered a suite of policies that cover a broad range of the Australian economy – not being one dimensional, but rather all-encompassing – ‘pumping tyres up for everyone rather than a select few’.

In terms of the SME businesses, who are all suffering at the moment, the announcement of the Instant Asset Write Off boost is welcome news. This announcement will deliver significant financial relief to struggling SMEs. As an example, if you are a small business that has been capable of surviving COVID, and you need to grow your business, the instant write-off allows you to immediately invest in capital machinery.

The Bulletin Magazine

The Power of Shared Workspace Desks: Boosting Productivity and Collaboration

In the fast-paced and ever-evolving world of work, shared workspace desks have emerged as a transformative solution for businesses and individuals s...

The Bulletin - avatar The Bulletin

A Guide to Meeting Regulations in Contaminated Land Clean-up

Australia is a country well known for initiatives for the management of contaminated soil. This includes introducing a wider array of systems and ...

The Bulletin - avatar The Bulletin

The Role of Estate Planning Attorneys

Estate planning attorneys are legal specialists who navigate the intricate world of legal complexities, offering highly specialized guidance. They u...

The Bulletin - avatar The Bulletin