Tax cuts for SMEs

Following Scott Morrison’s promise at the 2018 Outlook Conference to fast-track its legislated tax cuts for small and medium-sized businesses, Greg Moshal, co-founder and joint CEO of Prospa, said:

“We applaud Scott Morrison’s plan to accelerate tax cuts for SMEs. Small businesses are driving the Australian economy, employing 44 per cent of Australia’s private sector workforce and generating 35 per cent of Australia’s GDP. 

“We’ve lent to over 15,000 small businesses around Australia who tell us daily about the challenges they experience in managing their cashflow and accessing finance to grow their businesses. Tax cuts for small business will provide much needed relief and are the right incentive for this hard working sector who will continue to drive Australia’s future growth in GDP and jobs.”