March 2022 Newsletter - Federal Budget Wrap

In this issue:

The 2022 Federal Budget was handed down last night. In this special edition of your Client Newsletter, we have summarised some of the main measures that may impact both your business and individual clients, including:

• 20% additional deduction for skills training and digital adoption
  The extension of various apprentice wages subsidies

• An increased income tax offset of up to $1500 for low and middle income earners

• $250 cost of living payment for various welfare recipients

• Further relief for first home buyers

• 50% reduction in fuel excise.