Small Business

Small business dissatisfaction with Government at three-year highs

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Continuing the trend in recent times, SME dissatisfaction with the Federal Government has soared to new highs, according to research from MYOB.

The MYOB Business Monitor Special Report has recorded record levels of dissatisfaction with current government leadership. A majority of Aussie SMEs (56 per cent) are now dissatisfied, up from 31 per cent in August 2010, marking a three-year high in dissatisfaction levels.

“[Business owners] support clear policies that will strengthen the economy and remove red tape,” says MYOB CEO Tim Reed. “If the Government wants to turn around these record dissatisfaction levels, new policies need to pass the MYOB test: does this make business life easier for Australia’s two million SMEs?”

According to the report, SMEs want to see change in the following five areas:

  1. Simplification of the GST/BAS reporting process
  2. More Federal Government investment in transport infrastructure
  3. Funding for innovation, research and development by Australian businesses
  4. Introduction of a ‘buy Aussie made’ policy for governments
  5. Abolition of the Federal carbon tax.

“The Federal Government has a challenging run up to the next election. It needs to shore up business tax revenue shortfalls … while at the same time stimulate non-mining sector business investment and growth,” says Reed.

“Some excellent policy suggestions put forward at the [Tax] Forum included: simplifying small business taxes into fewer, but harder working, broad-based taxes; reducing red tape and compliance; encouraging businesses with policies like the tax loss carry back idea; and finally compensating them for the administration they do on behalf of the Government.

“We call upon all political parties to stop ignoring the SME sector and start developing policies that will genuinely make business life easier,” he says.

Published on: Friday, November 25, 2011

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