Last week, Treasurer Jim Chalmers handed down Labor’s October 2022-2023 Federal Budget.
This budget was an update from the previous liberal federal budget and there were no real tax changes that affect small businesses.
The bad news is interest rates and labour costs are rising and with high inflation levels, many businesses will receive very little assistance from the government.
A few key points that we think are relevant to you and your pharmacy:
Do you ever find yourself staring at your business’ balance sheet and wondering what it all means? If so, you’re certainly not alone!
As an owner, knowing what the numbers represent and what they tell you, allows you to drive smart business decisions, become financially literate and sleep at night knowing your position.
Treasurer Josh Frydenberg recently delivered the 2022-23 Federal Budget. This was earlier than usual, as a federal election is due to be called within days of this blog being written. With this in mind, the focus of the budget was on short-term incentives for individuals and businesses and easing the increasing cost of living pressures.
I cannot believe we are close to the end of a calendar year already which means… Christmas is just around the corner! Those who know me know Christmas is my favourite time of the year. As the festive season begins and our office plans our annual Christmas celebrations, I was thinking entertainment expenses are very tricky. It is commonly assumed that if you spend money in relation to your business, it must be deductible right? Read on and I will tell you more about what can make entertainment expenses deductible for your business.
