Talking Cents

Small business accountant Melbourne in part 3 of the budget announcement

In the third and final instalment of the budget summary as your small business accountant Melbourne, we’ll provide information on the government’s goal in targeting skills shortages including investment in education, incentives to employers, training hub investments and the introduction of a National Skills Commission.

As your small business accountant Melbourne, we’re happy to hear that in regard to targeting skills shortages, the government has promised that it would invest $525 million to upgrade and modernise vocational education and training (VET). As part of this investment, employers would be promised incentives worth an extra $4,000 — above and beyond the existing $4,000 incentives — to take on and complete new apprenticeships.

Under this proposed incentive, eligible occupations would include plumbing, bakers and pastry cooks, plasterers, carpentry, hairdressing, air conditioning and refrigeration mechanics, bricklayers, vehicle painters, wall and floor tilers as well as arborists.

In terms of education, $62.4 million is to be allocated to boost language, literacy, numeracy and digital skills of adults and school leavers aged 15 to 44 years. Along with this, it was also announced that it would establish 10 training hubs to facilitate better connections between employers and up to 3,000 school students over four years. This is a great idea to improve the disconnect that currently occurs.

These, and other measures would be overseen by a new National Skills Commission, which would work in conjunction with state and territory governments to create a reliable national approach to vocational education and training.

All in all, as your small business accountant Melbourne, between education, bringing employers and employees together as well as improving the facilities of our education systems, there are certainly some wins for small businesses and their potential for growth and bringing in the right people to help.