Budgets and Elections – What Does it Mean for Small Business Owners?

Welcome to this weeks’ episode of The Australian Small Business Show!Today we’re discussing no ones favourite topic, but an important one for small business owners – budgets and elections.As we are all aware, recently the Federal Election was called for the 3rd May, we’ve had the Federal Budget delivered, and the response from the opposition. As we discuss today, a budget in an election year often has a very different flavour – a short term focus designed to maximise votes.We unpack the impacts likely for small business for either parties proposed policies and discuss key considerations business owners should take into account.From tax cuts, to new tax breaks, to incentives for apprentices and a ban in non compete clauses in employment contracts. We’re bringing you the highlights that matter, and not the fluff that doesn’t.As Matt mentions, if you’re interested to know where your local Federal representative stands, you may wish to check out Vote Compass: https://www.abc.net.au/news/vote-compassConnect with Us: If you're an Australian Small Business Owner, we'd love to connect with you on socials. You can give our Facebook Page a like here: https://www.facebook.com/theaustraliansmallbusinessshowOr follow us on Instagram here: https://www.instagram.com/aussmallbizshow/* Disclaimer: The information shared on The Australian Small Business Show is general in nature and does not constitute professional advice, legal or otherwise. We recommend consulting with your advisors on your specific circumstances.Mentioned in this episode:Invitation to Join Kristy-Lee for this Free Webinar?Are you across the Fair Work changes that take effect on 1 July? Join Kristy-Lee for this free webinar to discover exactly what's changing and what you need to do about it, so you don't end up in hot water with Fair Work (even if you only have 5 staff and one of them is your sister-in-law). Free live webinar for Australian small business owners Tuesday 23rd June | 12pm AEST | Online via Zoom https://www.peoplepoweredbusiness.com.au/webinar