The beginning of May 2008 saw the first Rudd Government budget, and while small and medium businesses (which employ the most people) were hoping for big changes, they were mostly disappointed.
It seems small business didn’t get much out of the new federal budget. While they would have liked to have seen more tax cuts to help with the growing costs of doing business the government has delivered very little. In fact the new budget is going to approximately put $50-$90 a week back into the small business pockets which falls very short of the cost incurred with gas and cost of living prices going up.
The budget was expected to give more tax breaks because oil prices as well as food and other costs of doing business have increased quite a bit and small businesses are losing a lot of money because of the prices. On top of these prices there are always taxes to pay, and that is where the small businesses of Australia were hoping to get a little help.
And whilst there is……..Read More here
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