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Honeymoon over in small business view of Government

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A new report by Australia’s leading accounting software provider, MYOB reveals that small businesses are questioning the support being received from the Government just a year into their term.

The September 2014 MYOB Business Monitor Report indicates growing levels of dissatisfaction among SMEs, reversing some of the improvements made after the Liberal Government came to office.

In the latest survey of over 1,000 SMEs conducted by Colmar Brunton for MYOB, dissatisfaction has climbed to 37% from 32% earlier in the year. Satisfaction with the Government has also dipped slightly to 23%.

This business segment also felt the Government was failing to understand the issues affecting them, with 61% dissatisfied and only 33% expressing satisfaction on this measure.

Some sectors reported greater satisfaction with the Government than others: Operators in the business, professional and property sector felt the Government had the greatest understanding of their issues (42% satisfaction) with the manufacturing and wholesale industry (39% satisfaction) expressing similar sentiments. Sectors that felt the Government had the least appreciation of their issues included agribusiness (18% satisfaction) and other industries (25% satisfaction).

According to MYOB CEO Tim Reed, it’s a shame to see support for the Government slipping away after they made good gains in reaching the small business community in their first year. Of particular concern is the support that small businesses have for policies the government is removing, such as the $6500 instant asset write off and accelerated depreciation of motor vehicles.

The Liberal Government still enjoys a considerable measure of confidence in their handling of the economy, according to the survey. However, the number of business operators who don’t trust any party to appropriately manage the economy is almost as high.

Additionally, the survey sought the opinion of business operators on their preferred policy. Survey results reveal businesses really want some relief from red tape, incentives to invest and improved infrastructure. Though the government is focussed in these areas, Tim Reed believes small business want to see more traction. 

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