AGP Executive Report
Last update: 29 minutes agoLocal Business Fallout: A firebombing at a neighbouring tobacco shop has shaken a Fitzroy North cafe run by newlywed owners, putting their small-business dream under fresh strain. Trust Tax Fight: Labor’s proposed 30% minimum tax on discretionary trust income is drawing fierce opposition, with family businesses warning of higher costs and states signalling possible duty relief. Payment Costs: The government reversed its support for the ATO’s credit-card payment ban after a small-business backlash. Since card surcharges were banned on October 1, some hospitality venues have raised prices or offered cash discounts to offset fees. Owner Pressure: A COSBOA and Square report says small businesses are relying heavily on owners’ time, underlining the squeeze as firms manage rising costs and uncertainty.
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