Small businesses appear to be warming to the Abbott government but they want it to keep tax breaks that are destined to go when the mining tax is abolished.
Research commissioned by software provider MYOB found satisfaction with the federal government is at its highest level since 2009 – but that’s not very high.
The survey of 1032 small and medium sized enterprises (SME) conducted by Colmar Burton found dissatisfaction with the federal government fell to 32 per cent compared with 50 per cent in September.
Satisfaction rose to 24 per cent from 16 per cent.
MYOB chief executive Tim Reed says sentiment in this first Business Monitor since the federal election appears to be moving from negative to neutral.
“In particular, the drop in dissatisfaction could mean small business owners like what they are hearing from the government but may need to see more action to lift their levels of satisfaction,” he said releasing the report on Wednesday.
The Abbott government has made scrapping the carbon and mining taxes two key issues for its first term of government.
But these ranked only 7th and 13th in an SME wish-list.
Topping the list for 64 per cent of respondents were policies that would significantly simplify the GST/BAS reporting process for business, followed by federal government investment in transport infrastructure (61 per cent).
They also want three tax initiatives that will be scrapped with the mining tax repeal package to be retained.
These are the $6500 instant tax write-off, which was ranked third, the $5000 initial write-off for motor vehicles (4th) and the tax loss carry back scheme (12th).