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SMEs call for red tape and tax cuts ahead of federal budget

While most small business owners are optimistic for future trading conditions, many of them believe next week’s federal budget should include a reduction to the company tax rate, further cuts to red tape, and the permanent introduction of the instant asset write-off.

SMEs call for red tape and tax cuts ahead of federal budget
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  • Shared by MyBusiness
  • May 07, 2021
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Data released by MYOB on Tuesday, 4 May shows that almost 60 per cent of small businesses surveyed are optimistic for improved economic conditions over the next 12 months, with 84 per cent of them reporting a return to pre-pandemic trading conditions.

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