$25k flood grants for Tasmanian small businesses

$25k flood grants for Tasmanian small businesses

The financial assistance is being jointly funded by the Australian and Tasmanian governments under the Disaster Recovery Funding Arrangements (DRFA). The grant includes an upfront payment of $2,500 to provide immediate cash flow relief. Assistance will be available...
Till debt do us part

Till debt do us part

To understand the budget task facing Australia, look first at our history. The gap between what the government takes in each year and what it spends is our annual budget deficit. And over the 50 years to the start of 2020, we dropped deep into deficit on four separate...
Small-business tax gap on ATO radar

Small-business tax gap on ATO radar

Small-business debt accounts for a large portion of the ATO tax gap that currently sits around $33 billion. In its latest estimates, the ATO said small businesses account for more than $12 billion. “The small business market has always represented a high proportion of...
Business conditions holding up as constraints tighten

Business conditions holding up as constraints tighten

However, 90 per cent of businesses said the lack of availability of labour was constraining output. Around half of firms continued to also report availability of materials as a constraint. These supply-side constraints continued to be reflected in labour and purchase...