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Budget 2021: What’s in it for SMEs

Budget 2021: What’s in it for SMEs

by Maja Garaca Djurdjevic and Emma Ryan | May 11, 2021 | News

On Tuesday, 11 May, Treasurer Josh Frydenberg handed down one of the most anticipated budgets in Australia’s history. The Treasurer revealed Australia’s deficit will reach $161 billion this year, before falling to $57 billion in 2024‑25. “With more Australians back at...
Games of Thrones budget: Recovery must take priority

Games of Thrones budget: Recovery must take priority

by Maja Garaca Djurdjevic | May 11, 2021 | News

“There is no question that the government is focussed on a critical recovery path and opening up the Treasury coffers to facilitate recovery will create many growth opportunities including employment,” said IPA chief executive officer, Andrew Conway. Mr Conway pointed...
JobTrainer program to be extended under $1b budget plan to reskill workforce, slash unemployment

JobTrainer program to be extended under $1b budget plan to reskill workforce, slash unemployment

by Shared by the ABC | May 10, 2021 | News

The ABC can reveal Tuesday’s budget will extend the JobTrainer program for another 12 months, with tens of thousands of people to be offered free or low-fee courses equipping them for work in areas of shortages, including aged care, IT and childcare. Read more...
End of JobKeeper unlikely to slow employment growth: RBA

End of JobKeeper unlikely to slow employment growth: RBA

by Shared by Accountants Daily | May 10, 2021 | News

The RBA on Friday released its quarterly monetary policy update which suggested employment growth is expected to see continued growth over the next few months, even in the wake of JobKeeper’s end, which many expected to destabalise Australia’s COVID recovery.  Read...
Senate committee suggests separate R&D tax incentive for software

Senate committee suggests separate R&D tax incentive for software

by Shared by Accountants Daily | May 9, 2021 | News

The select committee on financial technology and regulatory technology last week released its second report on how the federal government could better support research and development (R&D) activities across the technology sector, specifically related to software...
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