A change in government for the first time in nine years, further interest rate increases expected, staffing shortages, supply chain issues and rising business costs – our fourth Federal Budget in two years will need to deliver for Australian businesses, and particularly small to medium-sized enterprises (SMEs).

Opportunities for growth, investment and trade are critical to everyone’s success, so SW Accountants & Advisors has partnered with Small Business Australia (SBA) to get to the heart of what business is looking for from the Budget, come Tuesday 25 October 2022.

As the Federal Budget approaches, we invite you to:

• have your say by taking our short survey – tell us what you need from the Budget and/or pass it on to small businesses in your network
• register for our Federal Budget Webinar – hear insights from ANZ, Small Business Australia and SW industry experts.

Take the survey! Receive a $250 Small Business Australia voucher

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.

PLUS you’ll receive a $250 SBA voucher to put towards business coaching, training opportunities or Business Advantage services. Survey closes Wednesday 19 October at 6pm.   

Budget Breakfast Webinar – 26 Oct | 9.30am AEDT

Join us as we digest the details of the 2022 Federal Budget at an informative webinar with an interactive Q&A session.

Our host, Matt Birrell will be joined by guests ANZ Senior Economist, Catherine Birch, and Bill Lang, Director at Small Business Australia as well as our SW industry experts to breakdown the key details of the FY23 Federal Budget.

Online Registration details

Date         Wednesday 26 October 2022

Time         9.30am – 11am (AEDT) 

Expert speakers

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

The post Federal Budget FY23 Business Survey & Webinar appeared first on SW Accountants & Advisors.

With a May election fast approaching, there was a lot of anticipation that this Federal Budget would provide much needed support for households in managing the cost of living. While borders have opened, many business in several key sectors are still feeling the impact of the Covid-19 pandemic and were also looking for some key measures to help get them back on their feet.

On the 29 March 2022, the Treasurer announced the Goverment’s plan for long-term economic growth in Australia, through job creation and focusing on investment in essential services and defence. The SW team has navigated the papers to find key measures for industry and sectors.

Take a look at our Fast Facts below or watch the full recording of the Budget Breakfast.

Did you miss out on our Federal Budget webinar?

Check out Catherine Birch, ANZ Senior Economist and our panel of experts as they shared their insights and key takeaways from the Budget.

Mandarin Overview – Federal Budget 2022/23

Watch our Mandarin team summarise the key announcements from this year’s Budget. SW’s team of Asian business experts deliver their insight into the challenges and practical opportunities.

Featuring our experienced and knowledgeable team: David Chu, Bessie Zhang, Vincent Shi, Toby Graham, Michael Chen and Michael Qin.

What does the Federal Budget mean for you?

Our Fast Facts provide an overview of the budget insights and potential opportunities from our team of experts. Tailored to your industry or business type, SW also reviews if the Federal Budget support measured up to expectations.

Take a look at what the Federal Budget means for you in 2022:

Agribusiness

Tourism, hospitality & gaming

Education

Individuals & SMEs

Energy & Resources

Property & infrastructure

The post Federal Budget Overview 2022/23 appeared first on SW Accountants & Advisors.

• identifying and scoping eligible R&D activities ​
• preparing the R&D Application for registration of R&D activities ​
• calculating eligible R&D expenditure and preparing the R&D Tax Schedule to claim the tax incentives ​
• assisting with R&D governance and documentation processes ​
• conducting R&D training and governance workshops.​

The post R&D and grant incentives appeared first on SW Accountants & Advisors.

The Victorian Government is investing $10m into primary producers through the Digital Agriculture Investment Scheme. Farmers and agribusinesses can now apply for funding to invest in on-farm digital technologies to improve productivity, resilience and long-term viability.

Grant funding can be used to invest in hardware, software, network connectivity and cloud based applications to:

• Improve animal and/or crop health
• Track key assets with smart devices
• Improve business efficiency with novel technologies and farm management platforms
• Purchase satellite imaging and GPS tracking solutions
• Increase on-farm connectivity; and more.

Grants from $5,000 to $50,000 are available on a 50% co-funded basis, with the Victorian Government offering up to half the cost of eligible projects.

Who is eligible?

‘To be eligible, businesses must register a turnover greater than $50,000 from primary production activities in an average year, with consideration made for drought, extreme weather, and COVID-19 related downturn. Businesses must also be registered for GST and be specifically focused on Primary Production.

Please note that off-farm food processors, packers, cold storage facilities, government agencies, not-for-profits and industry associations are not eligible for the fund at this time.

Key dates

Grant funds will be allocated through a competitive application process, with applications assessed by Rural Finance and Agriculture Victoria.

Applications will be accepted until 31 October 2021, or when the funding allocation is exhausted. Given the competitive nature of the scheme we recommend applying well in advance of this date.

The Government Grants landscape is highly complex and competitive, with most programs being heavily over-subscribed.

How can SW help?

SW’s team of Agribusiness and Government Incentives professionals can assess your eligibility to the Digital Agriculture Investment Scheme and improve your chances of submitting a successful application.

Contacts

Get in touch with our team below to find out how you can access this opportunity!

Sam Morris

E smorris@sw-au.com

Steven Edmonds

E sedmonds@sw-au.com

Tom Mullarkey

E tmullarkey@sw-au.com

The post Grant alert – Digital Agriculture Investment Scheme appeared first on SW Accountants & Advisors.

With an election looming, the conservative Budget included few surprises, continuing to give support to some key industries (but not all), that have been most significantly impacted by the economic downturn. 

Did you miss out or do you want to watch the Budget Breakfast again? The full recording is now available to you online and free of charge to watch whenever suits you. 

Federal Budget 2021/22 Mandarin Overview

Watch our Mandarin team give us a review of what took center stage in this year’s Budget.

Fast Facts

Our Fast Facts take a look at what took centre stage in the Federal Budget in areas of personal, business and industry support.

Agribusiness

Financial Services

R&D, grants & incentives

Tourism, hospitality & gaming

Education

Income tax

Small business

Energy & Resources

Property & infrastructure

Superannuation

The post Federal Budget 2021/22 appeared first on SW Accountants & Advisors.