Budget

Getting back what you put in: Loans to get a business started

It’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax implications.   A case before the Administrate …

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$20k Small Business Energy Incentive

In a pre-Budget announcement, the Government committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.   The Small Business Energy Incentive encourages small and medium businesses with an aggregated turnover of less than $50 million to invest in spending that supports “electrification” and more efficient use …

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How high will interest rates go? Part 2

Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out of COVID, housing market demand was strong and prices boomed but at the same time, supply chains remained restricted and …

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2021-22 Victorian State Budget: Road to Recovery

Victorian Treasurer, Tim Pallas, delivered the Victorian State Budget on 20 May 2021, describing his budget as a “road to recovery” after multiple COVID-19 lockdowns severely impacted the State’s economy during 2020-21. The budget sets out a long term plan to address budget blow-outs in major infrastructure projects and ballooning debt, while at the same …

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