May 2023

Small business energy incentive

One measure that will likely brighten the outlook for small businesses across Australia is the introduction of the Small Business Energy Incentive. On 30 April 2023, the Australian government announced that small businesses (with an annual turnover of less than $50 million) will be provided with an additional 20% deduction…

May 2023

What exactly is a budget surplus?

For the first time in 15 years, the government announced a budget surplus. But what exactly is that? Governments are similar to families and businesses in that they earn and spend money. A surplus is simply where a government earns more money during the year than it spends. A deficit…

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