The Federal Budget has just been handed down by Treasurer Jim Chalmers - so what does it mean for small businesses and the wider economy? In this episode, economist Professor Robert Brooks from Monash University unpacks the balancing act between inflation, growth, interest rates, housing affordability and recession risk - and what it means for SMEs.

Then, tax advisor Michael Jones, a Partner at Forvis Mazars, explains the proposed changes to capital gains tax, negative gearing and family trusts, outlining the potential impact on investors, startups and business owners. Together, they explore whether the budget builds long-term resilience - or simply shifts today’s pressures into the future.

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Business Essentials is produced by soundcartel.com.au