2012 MYOB Business Monitor: SME Dissatisfaction with Federal Government Hits Record High

▤ Summary

The proportion of the 1,004 surveyed business owners and managers who were satisfied with government support was low at 17%, but had increased from 11% in March.MYOB CEO Tim Reed says, “The policies recently introduced by the Federal Government appear to have not yet struck a chord with SMEs.Getting online is also a great way to attract new customers.” Tax loss carry-back scheme welcomed by majority When asked their opinion of the tax loss carry-back scheme introduced in the Federal Budget, 16% felt it would assist in keeping their business afloat, while 25% felt it would help maintain their current level of business activity.This is the highest level of dissatisfaction recorded since the research began in March 2004 and a rise of five percentage points on March 2012’s report.The proportion of the 1,004 surveyed business owners and managers who were satisfied with government support was low at 17%, but had increased from 11% in March.MYOB CEO Tim Reed says, “The policies recently introduced by the Federal Government appear to have not yet struck a chord with SMEs.Getting online is also a great way to attract new customers.”Tax loss carry-back scheme welcomed by majorityWhen asked their opinion of the tax loss carry-back scheme introduced in the Federal Budget, 16% felt it would assist in keeping their business afloat, while 25% felt it would help maintain their current level of business activity.

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