{"id":5590,"date":"2020-10-07T13:39:13","date_gmt":"2020-10-07T03:39:13","guid":{"rendered":"https:\/\/www.www.walshaccountants.com\/?p=5590"},"modified":"2020-10-26T16:05:44","modified_gmt":"2020-10-26T06:05:44","slug":"2020-21-federal-budget-road-to-recovery","status":"publish","type":"post","link":"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/","title":{"rendered":"2020\/21 Federal Budget &#8211; Road to Recovery?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5590\" class=\"elementor elementor-5590\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1f1f0eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1f1f0eb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3e215c\" data-id=\"a3e215c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af99515 elementor-widget elementor-widget-text-editor\" data-id=\"af99515\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Treasurer, Josh Frydenberg has delivered the Coalition Government\u2019s Federal Budget 2020-21.\u00a0<\/p><p>Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs.<\/p><ul><li>Taxation<\/li><li>JobMaker Hiring Credit<\/li><li>Economy\u00a0<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5e4223 elementor-widget elementor-widget-heading\" data-id=\"a5e4223\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">2020\/21 Federal Budget Highlights<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b66d256 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b66d256\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cfd9a44\" data-id=\"cfd9a44\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d190ea elementor-widget elementor-widget-heading\" data-id=\"2d190ea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Taxation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f2b3b22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f2b3b22\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-272367f\" data-id=\"272367f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b2a88ac elementor-widget elementor-widget-text-editor\" data-id=\"b2a88ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Morrison Government will deliver significant tax relief as part of their Economic Recovery Plan for Australia to create jobs, rebuild the economy and secure Australia\u2019s future.<\/p><p>Bringing forward Stage two of the Personal Income Tax Plan will see more than 11 million taxpayers get a tax cut backdated to 1 July 2020. Business will be supported with time-limited tax incentives that will provide immediate expensing and loss carryback.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b684024 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b684024\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2fec765\" data-id=\"2fec765\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de14448 elementor-widget elementor-widget-heading\" data-id=\"de14448\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Tax relief for individuals: <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-891d86f elementor-widget elementor-widget-text-editor\" data-id=\"891d86f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As part of the 2020-21 Budget the Government will bring forward Stage two of our Personal Income Tax Plan by two years. From 1 July 2020:<\/p><ul><li>the low income tax offset will increase from $445 to $700;<\/li><li>the top threshold of the 19 per cent tax bracket will increase from $37,000 to $45,000; and<\/li><li>the top threshold of the 32.5 per cent tax bracket will increase from $90,000 to $120,000.<\/li><\/ul><p>In 2020-21, low-and middle-income earners will receive a one-off additional benefit of up to $1,080 from the low and middle income tax offset (LMITO). More than 7 million individuals are expected to receive tax relief of $2,000 or more for the 2020-21 income year compared with 2017-18 tax settings.\u00a0\u00a0 Low and middle income tax payers will receive relief of up to $2,745 for singles and $5,490 for dual income families.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85015fa elementor-widget elementor-widget-heading\" data-id=\"85015fa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Tax relief for business:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ac510a elementor-widget elementor-widget-text-editor\" data-id=\"5ac510a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Businesses with a turnover of up to $5 billion will be able to immediately deduct the full cost of eligible depreciable assets acquired from 7:30pm (AEDT) on 6 October 2020 and first used or installed by 30 June 2022.<\/p><p>The Government will temporarily allow companies with a turnover of up to $5 billion to offset tax losses against previous profits on which tax has been paid. Losses incurred to June 2022 can be offset against prior profits made in or after the 2018-19 financial year.<\/p><p>The Budget provides $105 million in tax relief to expand access to a range of small business tax concessions by lifting the aggregated annual turnover threshold for these concessions.\u00a0 Businesses with an aggregated annual turnover between $10 million and $50 million will be able to access up to ten small business tax concessions.\u00a0 he expanded concessions will apply in three phases, with the first phase starting from 1 July 2020.<\/p><p>The Government will also enhance previously announced reforms to invest an additional $2 billion through the Research and Development Tax Incentive. These changes will commence from 1 July 2021 and help more than 11,400 companies that invest in research and development.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aa4641 elementor-widget elementor-widget-heading\" data-id=\"5aa4641\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Superannuation:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98427a9 elementor-widget elementor-widget-text-editor\" data-id=\"98427a9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Commencing 1 July 2021, the <em>Your Future, Your Super<\/em>\u00a0package will improve the superannuation system by:<\/p><ul><li>Having your superannuation follow you: preventing the creation of unintended multiple superannuation accounts when employees change jobs.<\/li><li>Making it easier to choose a better fund: members will have access to a new interactive online YourSuper comparison tool which will encourage funds to compete harder for members\u2019 savings.<\/li><li>Holding funds to account for underperformance: to protect members from poor outcomes and encourage funds to lower costs the Government will require superannuation products to meet an annual objective performance test. Those that fail will be required to inform members.<\/li><li>Increasing transparency and accountability: the Government will increase trustee accountability by strengthening their obligations to ensure trustees only act in the best financial interests of members. The Government will also require superannuation funds to provide better information regarding how they manage and spend members\u2019 money in advance of Annual Members\u2019 Meetings.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cd1c7a1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cd1c7a1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39b988d\" data-id=\"39b988d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e540b82 elementor-widget elementor-widget-heading\" data-id=\"e540b82\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">JobMaker Hiring Credit<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c261743 elementor-widget elementor-widget-text-editor\" data-id=\"c261743\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A $4 billion JobMaker Hiring Credit will be payable for up to 12 months for each new job and is available from tomorrow to employers who hire eligible employees aged 16-35. The Hiring Credit will be paid quarterly in arrears at the rate of $200 per week for those aged between 16-29, and $100 per week for those aged between 30-35.<\/p><p>Eligible employees are required to work a minimum of 20 hours per week. To be eligible, employers will need to demonstrate an increase in overall employee headcount and payroll for each additional new position created.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23fbfa8 elementor-widget elementor-widget-heading\" data-id=\"23fbfa8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Economy <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0c7b87 elementor-widget elementor-widget-text-editor\" data-id=\"a0c7b87\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Commonwealth Government deficit is expected to reach $213.7 billion this year, falling to $66.9 billion by 2023-24. Net debt will increase to $703 billion or 36 per cent of GDP this year and peak at $966 billion or 44 per cent of GDP in June 2024.<\/p><p>The Government\u2019s revised fiscal strategy includes two phases \u2013 a COVID-19 Economic Recovery Plan that targets job creation; and a medium-term phase focused on stabilising and then reducing debt as a share of the economy once the unemployment rate is below 6 per cent.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46c5398 elementor-widget elementor-widget-image\" data-id=\"46c5398\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"550\" height=\"293\" src=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/Parliament-Report-Image-1.png\" class=\"attachment-large size-large wp-image-5591\" alt=\"Parliament Report Image 1\" srcset=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/Parliament-Report-Image-1.png 550w, https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/Parliament-Report-Image-1-300x160.png 300w, https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/Parliament-Report-Image-1-240x128.png 240w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24200df elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"24200df\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a1a724 elementor-widget elementor-widget-heading\" data-id=\"5a1a724\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Read the full report: <br>Road to Recovery? Budget 2020-21<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fae11f1 elementor-widget elementor-widget-text-editor\" data-id=\"fae11f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Each year KnowledgeShop produce a very detailed budget report. For those who are interested in reading all the details, we are happy to provide this report to you.\u00a0<\/p><p>This report includes information on<\/p><ul><li>Personal income tax cuts<\/li><li>\u00a0Economic Support payments<\/li><li>Aged care support<\/li><li>Superannuation\u00a0<\/li><li>Business and Employers including JobMaker Hiring Credit<\/li><li>Immediate deductions and carry-back losses<\/li><li>R&amp;D tax concessions\u00a0<\/li><li>Changes to FBT<\/li><li>Regional COVID-19 funding<\/li><li>State by State infrastructure initiatives<\/li><li>Funding for university research and new technology<\/li><li>Support for drought effected farmers &amp; communities and Women&#8217;s economic security initiatives<\/li><li>Temporary visa holders\u00a0\u00a0<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e6432c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"5e6432c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/Budget-2020-21-The-Adviser-Edit.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the 2020-21 Budget Report<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaf767a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"aaf767a\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3342ca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3342ca\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e6f1082\" data-id=\"e6f1082\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9cd6bf5 elementor-widget elementor-widget-text-editor\" data-id=\"9cd6bf5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em>Highlight information credit:\u00a0https:\/\/wolterskluwer.com.au\/2020-2021-federal-budget\/cch-parliament-highlights\/<\/em><\/p><p><em>Photo credit: https:\/\/au.finance.yahoo.com\/news\/federal-budget-2020-what-it-means-for-you-085557490.html<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Treasurer, Josh Frydenberg has delivered the Coalition Government\u2019s Federal Budget 2020-21. Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs. Taxation JobMaker Hiring Credit Economy 2020\/21 Federal Budget Highlights Taxation The Morrison Government will [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5593,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[86,93,62,90,63,66,65,68,14,61,64,91,67],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2020\/21 Federal Budget - Road to Recovery? | Walsh Accountants<\/title>\n<meta name=\"description\" content=\"Rather than focusing on bringing the budget back to surplus the 2020 federal budget is focused on rebooting the economy and creating jobs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020\/21 Federal Budget - Road to Recovery? | Walsh Accountants\" \/>\n<meta property=\"og:description\" content=\"Rather than focusing on bringing the budget back to surplus the 2020 federal budget is focused on rebooting the economy and creating jobs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Walsh Accountants\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/WalshAccountants\/?ref=aymt_homepage_panel\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-07T03:39:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-26T06:05:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/dab53490-07ac-11eb-bbf9-8a7b7e3b813d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Walsh Accountants\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Walsh Accountants\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/\",\"url\":\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/\",\"name\":\"2020\/21 Federal Budget - Road to Recovery? | Walsh Accountants\",\"isPartOf\":{\"@id\":\"https:\/\/www.walshaccountants.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/dab53490-07ac-11eb-bbf9-8a7b7e3b813d.png\",\"datePublished\":\"2020-10-07T03:39:13+00:00\",\"dateModified\":\"2020-10-26T06:05:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.walshaccountants.com\/#\/schema\/person\/82e2ea849566683b97b681aac1c56365\"},\"description\":\"Rather than focusing on bringing the budget back to surplus the 2020 federal budget is focused on rebooting the economy and creating jobs.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.walshaccountants.com\/2020-21-federal-budget-road-to-recovery\/#primaryimage\",\"url\":\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/dab53490-07ac-11eb-bbf9-8a7b7e3b813d.png\",\"contentUrl\":\"https:\/\/www.walshaccountants.com\/wp-content\/uploads\/2020\/10\/dab53490-07ac-11eb-bbf9-8a7b7e3b813d.png\",\"width\":640,\"height\":360,\"caption\":\"Road to Recovery. 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