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Budget Measures 2022-2033: impact on SMEs and Sole Traders

The Treasurer has announced a series of measures for the 2.3 million small businesses and sole traders in Australia.

These measures should result in a number of positive outcomes including; improved cash flow, saved time, increased efficiencies and the scope for businesses to align financial performance with tax payments.

Our visual guide (below) allows you to succinctly understand what has been proposed and it’s overarching impact.

 

 

For any enquiries related to this update, contact us today.

The Andersen Australia tax team

This publication is the result of a collaboration between many members of the Andersen Australia Tax team. 

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