When it comes to the startup community, there’s a lot of similar themes to last year.
While there has, once again, been warnings about a conservative budget to match the current economic climate, there’s still plenty of opinions floating about.
We spoke to some Australian startup founders about their priorities for the budget, and saw some familiar themes — tax cuts, support for women and a focus on sustainability — with a few added extras.
Brodie Haupt, CEO and co-founder of WLTH:
“The potential $20,000 incentive for small businesses (up to $50 million turnover) that invest in energy-efficient equipment is a great opportunity to reward businesses investing in sustainable practices, whilst encouraging others to consider their environmental footprint without compromising the bottom line.
“The government may also extend the productivity measure that allows businesses to fully expense the cost of depreciable assets in the first year of use, as this is set to expire on June 30 this year. That said, they may discard it altogether due to inflationary pressures. The big issue the government faces is the cost of living and the implications this has on individuals and businesses alike. As SMEs are most of our country’s makeup, they’re walking a tightrope between easing pressure without increasing inflation.”
Full Article: Smart Company
