Australia is facing significant economic challenges, and some predict a difficult time ahead. With inflation, tariffs, interest rates, the cost of living, and housing pressures rising—alongside a decline in exports—Australians want to know what is in Treasurer Jim Chalmers’ cookbook to tackle these issues and what solutions he can put on the table for the country.

We explore the key takeaways from the 2025/26 Federal Budget and answer what’s on the table for businesses, industries and communities across Australia- uncovering opportunities of resilience and growth for your financial landscape.

What does the Federal Budget mean for you?

Our Fast Facts provide an overview of the budget insights and highlight potential opportunities for your sector.

Take a look at what the Federal Budget means for you in 2025:

Energy & Resources

Individuals & SMEs

Follow us on LinkedIn to receive the latest updates on Federal Budget and other important industry news.

The post Federal Budget 2025/26 Overview appeared first on SW Accountants & Advisors.

今年的联邦预算正值关键时期，民众对其寄予厚望，期待从中找出紧迫问题的解决方案。我们将探讨 2024/25年联邦预算的各种复杂问题，并发掘其中隐藏的亮点。贵公司可以把握重要机遇，借助有洞察力的见解，抵御财务逆境并实现增长。

联邦预算对贵公司有何意义？

我们的联邦预算快讯帮助您总览预算中的亮点并就贵公司所处行业的潜在机遇提出见解：

农业综合企业

教育

能源与资源

个人与中小型企业

房地产与基础建设

The post 2024/25 联邦预算概览 appeared first on SW Accountants & Advisors.

Businesses and individuals are feeling the pressure navigating through challenging conditions. These economic conditions require strategic foresight and adaptive measures from the Australian government.

This year’s Federal Budget comes at a critical time and carries high expectations to deliver solutions that address these pressing issues. We explore the intricacies of the 2024/25 Federal Budget and reveal the Hidden Gems— opportunities and insights that could be the key to resilience and growth for your financial landscape.

What does the Federal Budget mean for you?

Our Fast Facts provide an overview of the budget insights and highlight potential opportunities for your sector.

Take a look at what the Federal Budget means for you in 2024:

Agribusiness

Education

Energy & Resources

Individuals & SMEs

Property & Infrastructure

Follow us on LinkedIn to receive the latest updates on Federal Budget and other important industry news.

The post Federal Budget 2024/25 Overview appeared first on SW Accountants & Advisors.

With inflation issues globally, we are seeing continued pressure on interest rates and cost of living, staffing shortages, supply chain issues and rising business costs. This Budget will need to deliver for Australian businesses, and particularly small to medium-sized enterprises (SMEs). Watch SW Director, Greg Will, talking to Ticker News about this topic below.

Opportunities for growth, investment and trade are critical to everyone’s success, so SW Accountants & Advisors has once again partnered with Small Business Australia (SBA) to get to the heart of what business is looking for from the Budget, come Tuesday 9 May 2023.

Take the survey!

Take this short 2-3min survey from SW and SBA and tell us what you need from the budget in order to Look forward and Open Doors. You’ll help us build a robust and current view of Australian small business.

Each survey respondent will RECEIVE $100 DISCOUNT on any of the business services offered by Small Business Australia. Vouchers will be provided after the close of the survey on 8 May 2023.

Budget Breakfast Webinar – 10 May | 9.30am AEDT

Join us as we share the details of the 2023 Federal Budget that incudes an interactive Q&A session.

Our host, Matt Birrell will be joined by esteemed guests ANZ Senior Economist, Madeline Dunk, and Bill Lang, Executive Director of Small Business Australia, as well as SW Director, Greg Will speaking on the impacts on SME business, together with SW industry experts.

Online registration details

Date         Wednesday, 10 May 2023

Time         9.30am – 11am (AEDT) 

Greg Will interview @ Ticker News | How Australian small businesses performed post-COVID

Federal Budget webinar experts

Madeline Dunk
ANZ
Senior Economist

Bill Lang
Small Business Australia
Director

Gregory Will
SW
Director, Business and Private Advisory

Matt Birrell
SW
Director, Tax

Follow us on LinkedIn to receive the latest updates on Federal Budget and other important industry news.

The post Federal Budget 2023/24 Business Survey & Webinar appeared first on SW Accountants & Advisors.

“A very sincere congratulations to our four new partners. Their appointments truly reflect our continued growth and success, and our focus on supporting our people to achieve their career aspirations. The demand for outstanding talent in servicing our clients means we are well positioned to promote our people,” commented Mr Duane Rogers, CEO.

“These appointments are in addition to the two appointments made in December (Chris Dexter and Jeremy Wicht), and the four lateral Partner appointments of John Dorazio (Perth), Richard Gregson (Perth), Iggy Moro (Perth) and Gregory Will (Sydney), announced last month. SW now has 39 partners across Brisbane, Melbourne, Sydney and Perth,” said Mr Rogers.

Sejla Kadric appointed as a Partner. Sejla is part of our Property Development team in our Business and Private Client Advisory division. Sejla started at SW as a Manager seven years ago. Sejla is widely recognised within SW as having very strong property expertise and being able to advise clients on a wide range of property related tax or commercial matters.

Michael Qin appointed as a Partner. Michael assists clients with property investment and migration issues across international markets including Hong Kong, China and Macau. He has been with SW for 11 years and has outstanding expertise in cross-border transactions, guiding overseas investors through complex business, accounting and tax matters by providing professional and practical solutions.

Rick Hemphill appointed as a Partner.  Rick joined SW as a Vacationer in 2009 and has taken every opportunity to develop his brand through his entrepreneurial flair and passion in his specialised areas, being cloud advisory and data analytics. Rick has built a significant profile in the technology software space, having written several articles and making the cover of Xero’s annual magazine. He is an activate participant in SW’s Energy & Resources, Funds Management and Property & Infrastructure Industry Groups’.

Yang Shi appointed as a Partner. Yang has worked at SW for seven years, having started with the firm as a Senior Manager in 2015. With 15 years’ experience, Yang is one of the most experienced mandarin-speaking Transfer Pricing practitioners in Australia. Yang’s primary focus has been with the Energy & Resources and Property & Infrastructure industry groups; however, his skills are relevant to all industry groups. Any clients with international dealings can benefit from Yang’s expertise whether they be large corporates or private groups.

“We have a strong foundation for aspiring leaders in our business. We work hard at ensuring we provide opportunities for those people to develop key skills that will help support both our clients and our direction in the future,” said Mr Rogers.

We look forward to seeing Sejla, Michael, Rick and Yang continue their outstanding contribution as they open doors to opportunity and deliver quality outcomes for our all people and clients.

The post Media release | SW Accountants & Advisors proudly appoints four new partners appeared first on SW Accountants & Advisors.

Key takeaways

• Although there are no key tax measures introduced, direct property taxes will continue to be the source of over 50% of new revenue for the Victorian Government due to increased transaction volume and rising land values (although this is expected to be tampered by forecasted interest rate rises).
• A new Victorian Future Fund will be established to manage the fiscal impact of COVID 19. It will initially be funded from the VicRoads Modernisation joint venture and is expected to have a balance of around $10bn. Investment returns from the Fund is to be quarantined and returned to the Fund to help offset the current debt and return the Budget to surplus by 2025-2026.
• There is a clear focus in this Budget to repair the health system. Included in the Budget is more than $12bn of health-related expenditure including the training and hiring of additional healthcare workers and paramedic staff, funding for Ambulance Victoria to meet growing demand for services and investment to cut surgery waiting lists.
• The two-year Sick Pay Guarantee pilot program will receive $246m in funding to assist provision of a payment of up to five days of sick or carer’s pay at the national minimum wage for insecure work (casual employees).
• $250m provided for a one off $250 Power Saving Bonus to all Victorian households using the Victorian Energy Compare website to locate the cheapest electricity deal. The scheme will run from 1 July 2022 to 30 June 2023.
• A commitment of $111m to support Victoria’s tourism and major events.
• The Victorian Government has allocated $1.8bn to the school building project and plans to continue upgrading schools until it achieves its intended target of 100 new schooling facilities by 2026. The program includes upgrades to 65 schools including 36 special schools, building 13 new schools, additional stages at four more schools, and expanding capacity at two schools to meet enrolment demand.
• The Victorian Government also plans to invest $5bn in early three-year-old childhood education by increasing universal educational access for disadvantaged families as well as providing support to individuals from diverse backgrounds and $131m to assist students from rural areas to access four-year-old early childhood services.

For full overview of the infrastructure measures see our breakdown here.

Victorian Industry Fund to support Victorian Businesses

The Government has introduced a $120m fund to support the advancement of domestic manufacturing and other high priority sectors. Some of the initiatives to be supported by this Fund include:

• $40m to provide grants to support rapidly growing businesses
• $40m of targeted financial incentives to attract investment into Victorian businesses
• $20m for an equity investment pilot fund to attract highly innovative companies particularly in areas such as medical technology
• $7m low-carbon manufacturing grant program to help Victorian manufacturers to compete globally in the renewable energy space
• $4.5m for 300 digital jobs for manufacturing internships to help train Victorian workers in this industry. 

Significant Tax Measures

No significant new tax measures were announced in the 2022/23 Budget although there were minor amendments in relation to:

• Equalisation of gambling tax rates for electronic gaming machine operators

• Exemption from motor vehicle duty for wheelchair accessible commercial passenger vehicles that provide unbooked services.

However, as noted above, the State Taxes are to be a major source of revenue for the Victorian Government. The table below shows the annual revenue expected from State Taxes over the next 4 years.

Opportunities

The opportunity for businesses may come from the expected economic growth although this is not anticipated to be significant. Business sectors such as Medtech, pharmaceuticals and manufacturing should benefit from the increase in funding.

Did the VIC Budget measure up to expectations?

The Budget fell short of providing the required assistance to boost businesses which are facing significant uncertainties.

The Government’s commitment to repairing Victoria’s health system in needed and welcomed. However, the Government has not sought to increase property taxes to decrease the State’s debt and is instead relying on solid economic growth to repair the budget.

Please reach out to one of our experts below for assistance navigating the implications and opportunities this Budget presents for you, your business and your industry.

Contacts

Abi Chellapen

Daren McDonald

Stephen O’Flynn

The post VIC State Budget 2022/23 appeared first on SW Accountants & Advisors.

Jeremy prides himself on being available to his clients to assist them to make the right decisions at the right time, including:

Accounting and taxation services with a focus on flexible structuring for the future

Strategic management support including acquisitions, divestments, earnouts and navigating growing pains.

Career highlights:

• Assisting listed childcare provider with centre acquisition and benchmarking of targets
• Expansion of family owned child care groups through organic growth and acquisition
• Facilitating family owned graziers with passing the business to the next generation
• Advising family owned hoteliers with business acquisition, management accountability frameworks and tax effective exits
• Adding value through finance covenant negotiations, business sale negotiations and contract review, tax risk minimisation, warranties and retention amounts
• Establishing and facilitating growth of internationally owned subsidiaries from initial advice, establishment, to domestic expansion and integration into global reporting frameworks.

Jeremy is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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