Thought we’d share this piece from the TMF Group called Tax breaks among incentives for businesses in Australia’s 2020-21 budget.
It’s got a ton of great insights. This one’s particularly thought-provoking:
The above highlights the key Australian budget announcements relevant to businesses, however there are other initiatives designed to further promote business investment and spending. These include apprentice wage subsidies and fringe benefits tax exemptions on employer-provided retraining and reskilling benefits for redundant – or soon to be redundant – employees.
To learn more about it, take a look at the rest of the article at this link to TMF Group’s website.