Small business owners in South Australia say they will struggle to keep afloat without assistance from the state government. Simone Douglas owns four businesses in South Australia, including The Duke of Brunswick Hotel in Adelaide and The Port Admiral Hotel in the city’s west, but she was recently forced to sell one. Douglas’s accountant told her she paid all of her businesses’ profit in taxes last financial year.
Meanwhile, Adelaide restaurant Gang Gang is set to close its Parkside venue. Owner, Morgen Wynn-Hadinata, said payroll tax is one of the biggest costs for her business. Currently, South Australian businesses have to pay a variable payroll tax fee of 0 to 4.95 per cent if their paid wages exceed $1.5million. The South Australia opposition and SA Business Chamber are calling for the threshold to increase to $2.1million and a tax exemption for trainee employees.
Source: News Formal (newsformal.com)
Business Business Finance News SA News Politics SA Politics Business Small Business
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Country pub closures often sound death knell for small towns in regional AustraliaWhen last drinks are called at a town's only pub, it can be a body blow for the community. Sometimes it's the final blow.
Source: abcnews - 🏆 5. / 83 Read more »
‘Out for numero uno’: Anne Edmonds, Lloyd Langford take on TaskmasterCan Australia’s best-known comedy power couple survive the inspired silliness of Taskmaster Australia?
Source: theage - 🏆 8. / 77 Read more »
‘Out for numero uno’: Anne Edmonds, Lloyd Langford take on TaskmasterCan Australia’s best-known comedy power couple survive the inspired silliness of Taskmaster Australia?
Source: smh - 🏆 6. / 80 Read more »
Australia housing crisis: Why Australia can’t build enough homesThe Albanese government’s promises of 1.2 million homes over five years are now in the realm of political fantasy, despite the billions of dollars it has pledged for housing.
Source: FinancialReview - 🏆 2. / 90 Read more »
7NEWS Spotlight: Inside the programs trying to break tech addiction in Australian kids7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsSydney - 🏆 16. / 63 Read more »
Buy Now Pay Later company Art Money to pause operations7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsSydney - 🏆 16. / 63 Read more »