Federal Budget 2010

The latest Federal Budget News: Read the latest analysis on the Federal Budget 2010 and what it will mean for small and medium business. SmartCompany Editor James Thomson files directly from Canberra.

Tuesday, 25 May 2010

Entrepreneurs and governments

Business is difficult, employing people is hard and yet this is the key to an economically healthier society which can afford more services, healthcare and education for everyone.
 

Friday, 21 May 2010

Frustrated over four taxes on four square metres of real estate

We want leaders who will help business grow! No wonder I am cynical.
 

Thursday, 20 May 2010

Coalition promises to take axe to Rudd Government promises, including business tax cuts

Opposition Treasury spokesman Joe Hockey unveils a plan he says will save the Federal Budget $46.7 billion, but will also reverse the Rudd Government’s plan to cut the corporate tax rate.
 

Friday, 14 May 2010

Tony Abbott promises to abandon NBN, improve unfair dismissal laws for SMEs

Tony Abbott uses his first Budget reply to promise to abandon the NBN and change workplace laws to give employers more flexibility.
 

Wednesday, 12 May 2010

Accounting sector fears huge revenue drop due to new simplified tax deduction

Accounting industry worried the Government's new initiative to introduce a $500 standard deduction for work-related expenses will hurt the sector.
 

Business groups like Budget surplus, but question lack of support for business

While business groups welcome the fact the Federal Budget will be back in surplus in two years, they say the Budget is light on for immediate support for SMEs.
 

Experts warn SMEs need to be ready for GST compliance crackdown

The ATO is set to crack down on fraudulent returns, systematic underreporting and non-payment of GST debts during the next financial year.
 

The time bombs in the Federal Budget: Gottliebsen

While it’s easy to be distracted by the Treasurer’s surplus predictions and new spending measures, it’s important to take heed of those small announcements that could turn into time bombs. Here are three where the fuse has already been lit.
 

Swan’s no-frills budget

Wayne Swan touts 2010-13 as the financial year the Federal Budget will be back in surplus - to the tune of $2 billion.
 

Tuesday, 11 May 2010

FEDERAL BUDGET 2010: A matter of knife and debt: Kohler

By burying a program here and raising a tax there, the government has declared that the Budget will be back in surplus by 2012-13. But there’s not a lot of wriggle room in Kevin Rudd’s re-election strategy.
 

FEDERAL BUDGET 2010: Government to recover $3.2 billion through cash economy and GST crackdown

The Government to hand ATO an extra $445 million over the next four years in order to crackdown on the cash economy and GST compliance.
 

FEDERAL BUDGET 2010: IT sector to win from $466.7 million e-Health initiative

The IT sector is set to receive a boost from the Government with the introduction of a new electronic health records scheme.
 

FEDERAL BUDGET 2010: Boat building and film sector get special assistance

Two of the most leftfield business-related measures in this year's Budget – a change to GST laws to help recreational boat builders and a boost to the film production sector.
 

FEDERAL BUDGET 2010: Government promises $652 million for new Renewable Energy Fund

The Government will launch a $652 Renewable Energy Future Fund in order to promote the commercialisation of renewable technologies.
 

FEDERAL BUDGET 2010: Rudd and Swan’s powerful statement: Keane

For the Government, there's only one number that counts in this Budget – three. The number of years within which the Government will return to surplu
 

FEDERAL BUDGET 2010: National business names register to save SMEs $1.5 billion

The Government will spend $125.2 million over the next four years to establish a single, national register for business names.
 

FEDERAL BUDGET 2010: Franchise sectors win access to early-stage mediation services

Businesses operating under the Franchising Code of Conduct will have access to support for early intervention in disputes.
 

FEDERAL BUDGET 2010: $660 million for skills to ease labour shortage

The Federal Government has set aside more than $660 million over the next four years for investment in skills and job creation.
 

FEDERAL BUDGET 2010: Tax break for savings underlines push to build financial services hub

Taxpayers will receive a 50% tax break on the first $1,000 interest they earn on banks deposits, bonds and annuities.
 

FEDERAL BUDGET 2010: $500 standard tax deduction to simplify tax returns

The Government to introduce a standardised deduction for workers filing their income tax returns in 2012.
 
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