Steph Chalmers

So PAYG taxes or fringe benefit tax.

So they'll actually be able to get a refund there.

up to the value of those taxes they paid based on the loss they make.

So I think that will be welcomed by the startup sector.

And as you say, just really calling out startups in particular to say that, you know, we know you're facing different conditions and we want to make sure you're not excluded and disadvantaged against bigger businesses.

Yeah, we heard from a business last night on the business show that was saying, you know, for smaller businesses, this will really help them de-risk during these particularly difficult years like now with the fuel crisis and all the uncertainty.

It's just crazy.

kind of a way to spread the risk over a couple of years and navigate through those really tough years where, you know, give them a bit of a cash flow boost by getting that refund to then help them navigate through to hopefully a better year next year.

Yeah, we had an economist from RSM Australia, a business consultancy last night in lockup with us, and she was saying essentially there'll be winners and losers in terms of businesses from this budget.

You mentioned things like different thresholds for the size of businesses for particular businesses.

Tax offsets changing, so there'll obviously be people on one side of the threshold happy about that because they think it's more targeted, people on the other side losing out.

And same with things like the research and development tax incentives.

There's been some changes there.

which will favour businesses spending more on core research and development, and they won't get as favourable treatment for kind of the supporting activities around R&D.

So again, I'm sure there'll be businesses that spend a lot of money on those supporting activities that won't be happy.

So, you know, it seems like

On the micro level, it's really down to how it affects your business.

And as you say, perhaps accountants are the winners.

There was also a change.

We were talking about trusts.