Please note: the information contained in our articles is general in nature and does not address the circumstances of any particular individual or entity. We endeavor to provide accurate and timely information, however cannot guarantee that it will continue to be accurate in the future. Always obtain appropriate professional advice for your circumstances . For more information or tailored advice, please contact your Ashfords advisor.
The 2022-23 Victorian State Budget was handed down by the Victorian Treasurer on 3 May 2022 with the Government forecasting a net operating
deficit of $17.6 billion this financial year.
The budget mainly focused on health, education and infrastructure projects within Victoria and introduced no key changes to Victoria’s
current taxes and duties.
Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget on the 29th of March, 2022. The Australian Government has delivered a budget that provides some good news in an election year when businesses are weathering another period of economic uncertainty.
Over the past 10 years the world of accounting has changed with the introduction of cloud-based accounting systems.
Xero and MYOB are probably the largest players in the market for small to medium businesses today.
The ATO are corresponding with employers to ensure that they are STP Phase 2 ready. Ashfords have compiled the following key information to address your questions about the STP Phase 2 program.