Small businesses are an important part of the economy and key constituents in policy development, but are often overlooked by the Government when big ticket policies are rolled out, according to The Institute of Public Accountants (IPA).
Accountants are expressing concern that the financial performance of their small business clients are being put in danger by the carbon tax, with many convinced SMBs won’t be adequately compensated by the Government when the tax is implemented.
More clarity is needed around the Government’s carbon price policy, according to the Institute of Public Accountants (IPA), especially around the impact it will have on the 2 million Australian SMEs.
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