Small business owners got an immediate tax deduction on the entire cost of eligible assets costing less than $20,000 and also energy bill relief in the Federal Government's Budget this time.
But small entrepreneurs say it is still insufficient to deal with the increased costs of doing business, mainly due to rising interest rates, rising wages and pension funds.
According to the latest data from credit reporting firm Illion, the risk of small business failure increased by 20 per cent last
year, Food services are one of the riskiest industries.
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