Taxes and paperwork a business priority

SMALL business placed the frequency and complexity of tax changes at the top of its priorities for the next Federal Government, according to the Australian Chamber of Commerce and Industry.

In this respect, small businesspeople trod the same path as their cousins in medium and big buisness.

The chamber’s survey found costs and imposts imposed by government and the overall burden of paperwork were the issues dominating the small business agenda.

Overall levels of taxation was the next biggest issue for all business.

Small business then lists telecommunications costs, complexity of regulations, the cost of unfair dismissals procedures and compulsory superannuation guarantee.

The rise in the superannuation levy to 8 per cent, and soon to be 9 per cent, was viewed as a reason for a jump in part-time and casual employment at the cost of full-time employment.

Other top 10 issues for small business were energy costs, including the price of petrol as well as rising electricity prices in some parts of Australia, and workers’ compensation payments.

The chamber’s research found payroll taxes ranked a lowly 52nd on their hit list of concerns, mainly because most small businesses fell below the payroll tax threshold.

That tax ranks 9th for medium sized business and 12th for big business.

p See Small Business, page 11.

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