Businesses face cash crunch in March 2021 despite tax cuts
Businesses will still be facing cash flow struggles between now and the end of March 2021 even with the extra tax cuts announced in the recent federal budget, according to a new report.
The latest Deloitte Access Economics Business Outlook noted that, for businesses, the tax cuts would be offset by the dialing back of JobKeeper and JobSeeker, the drying up of money from the early access to superannuation scheme and the end of a range of mortgage and rent deferrals.
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