This Budget certainly featured many announcements aimed at encouraging hiring, investment and spending. The Government’s task now is to encourage businesses and households to take advantage of the new programs to deliver stronger economic growth and more jobs.
The three pillars of the Budget, that will underpin jobs, investment and household spending are:
- Significant personal income tax cuts (paid early)
- JobMaker Hiring Credit for businesses employing new staff under 35
- Immediate write off for any business assets purchased from 6 October 2020 7:30PM
Please check the following link for our report on the Budget: