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.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »
Source: 7NewsSydney - 🏆 16. / 63 Read more »