This week the long anticipated federal budget was handed down on Tuesday 6th October. Here is the summary of some of the changes that will affect individuals and small businesses.
Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.
Short answer; probably. Grants are likely to be taxable unless they are specifically excluded from tax.