Proposed tax cut for small business is #1 priority

Share

Share

Recently, NAB Business EGM, Cindy Batchelor spoke to the media about what steps the Federal Government could take that would benefit our SME customers. Cindy’s top picks were:

  • Follow-through with the tax cut for small business
  • Reduce compliance costs for SMEs by working the banking sector to get rid of Business Activity Statements and income tax returns for small business
  • The Federal Government should require all Federal Government agencies to use Standardised Business Reporting like the ATO already uses
  • Simplify the role of regulators that regulate small business
  • Let’s celebrate small business nationally by establishing a National Small Business Day

Cindy said this is the first step towards NAB’s positioning of how the budget should look for our customers.

“We know better than anyone what our business customers’ needs are when it comes to the Federal Budget.

“By going out strong early and advocating for our customers, we can help ensure the voice of our business customers are heard,” Cindy said.

This year, NAB will once again provide expertise and insights to help our customers understand what the Federal Budget means to small business, which will help ensure they are in the best position to understand and take advantage of opportunities.

Topics

SEE ALL TOPICS

Related Articles

  • Economy

Melbourne and Sydney businesses “Enchanted” by Taylor’s Aussie Era

Taylor fever gripped Sydney-siders last weekend, with an estimated $135 million boost in spending recorded at businesses in Sydney’s inner suburbs

  • 28.02.2024
  • Time to read 1 min read
  • Scams

“No, mate, I’m not going to do it until I speak to somebody from NAB.”

This is the moment a scam savvy customer stopped a criminal in his tracks.   NAB customer Ray from NSW recognised the red flags of a scammer trying to impersonate the bank who was encouraging him to click a link in a text message.

  • 28.02.2024
  • Time to read 3 min read
  • UBank

Ubank’s new bills and budgeting tools help customers see their money clearly

NAB-owned digital bank ubank has launched new bills and budgeting app features to make money management stress-free.

  • 27.02.2024
  • Time to read 4 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.