Small planning firms finally matter

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Both political parties have awoken to the voting power of smaller businesses and are making a greater effort to get them onside.

The Council of Small Business of Australia (COSBOA) is pleased to see the change and has compared the responses of the two parties.

Competition policy, representation, red tape and tax benefits for small businesses are front and centre of the election, according to Peter Strong, executive director of COSBOA.

An important factor for planning firms is fair competition. While COSBOA says that Labor has remained silent, the Coalition will do a root and branch review of the competition policy within the first 100 days of power.

“For too long big business associations and big government exponents have claimed that competition policy in this country is good,” says Strong. “They have succumbed to the influence of a few wealthy organisations to the detriment of consumers and small business people.”

Both parties will act on removing small businesses from the super collection policy, but COSBOA is not happy that the Coalition will remove the instant tax write-off, loss carry back provisions and the $5k instant write-off for buying motor vehicles.

A comparison table on the COSBOA website shows that Tony Abbott’s Coalition has a focus on the big issues of competition policy and contract law while Kevin Rudd’s Labor Party is looking at support services and tax benefits. Both parties are looking to maintain or increase representation on key committees and in key agencies and also get rid of red tape.

“A range of surveys and nearly all research over the last 12 months have shown that the biggest current issue for the small business community is a lack of confidence and uncertainty about the future,” said COSBOA in its analysis.

“The reality is that small business people are by their nature confident, optimistic and constructive, otherwise they wouldn’t go into business. We must not affect that confidence and indeed we should give them every reason to be confident of the future.”

What are the most important issues to you as a small business?

  • Alistair on 4/09/2013 1:15:28 PM

    Well do not expect anything positive for small business from the Labor or the Greens. They have behaved much like economic terrorists behaving pathetically as they strive towards their own ideologies. They have destroyed many small businesses all over Australia and have made life harder for those in the FP world by increasing the amount of paperwork on our industry and introducing regulations such as banning grandfathering in an under handed way that destroys the value in our businesses that we have worked so hard to build. They have no economic credibility left.
    Come Sept 7th, the new Liberal government should follow through not only doing a root and branch overhaul of the nonsense left by Labor and the Greens but also pulling the Union ISN funds into line by creating a level playing field ensuring FULL disclosure as the rest of the industry has to. Also, Trustees of these funds should face the full force of Corporations Law should they misuse funds of members such as was the case with the Trustees of the Meat Industry Super Funds, MTAA etc Union officials should face the Corps Act as well with mandatory Jail being the prescription for theft and misuse of funds such as the HSU and Thompson and the like.
    A new day is almost upon us. Thank goodness this pathetic excuse for a government will go. Lets hope its both houses that swing to the Libs....

  • Fedup on 4/09/2013 10:08:53 AM

    Labor don't like competition, especially when it comes to their income and power base (Industry Super). They had forgotten there are elections and what goes around comes around. they will be squirming now.

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