The Boutique Lawyer Show: How should small firms interpret the 2022 budget?

Treasurer Josh Frydenberg announced numerous measures in last week’s federal budget that will impact upon small businesses such as boutique law firms. Here, we unpack some of those measures and how firms can respond. On this episode of The Boutique Lawyer Show, host Jerome Doraisamy speaks with Lawyers with Solutions principal Pallavi Sinha about the recent federal budget, delivered on the eve of the 2022 election. Ms Sinha delves into the tax deductions for small businesses, what these mean for firms’ investments in technology and training, and what these measures say about the digital revolution. Ms Sinha also discusses the scrapping of company search fees, mental health support for small-business owners, increased funding for business support hotlines, the need for further assistance in cash flow for boutique law firm owners, how best those owners can support themselves in the near future, and the steps to implement to ensure a successful practice against the backdrop of this budget. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn.   If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!