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Embracing Change: How Australia’s New Tax Cuts Impact Small Businesses

Introduction: A New Fiscal Landscape In a significant move that reshapes Australia's tax landscape, the Morrison government's stage-three tax cuts, passed in 2019 and upheld by Labor in the last election, are set to bring substantial changes for individuals and small businesses alike. With the aim of easing cost-of-living pressures amidst rising inflation and interest rates, these tax cuts represent a pivotal shift in fiscal policy. Let's dive into what these changes entail and how small businesses can navigate this…