Politicians: What is your party offering small

WHAT is your party offering small business?

Lindsay Labor candidate David Bradbury:

The federal Labor government has introduced a range of measures to support small businesses, increase cash flow and reduce red tape.

I was pleased to join the prime minister in Penrith last week to announce changes to GST regulations for small and medium sized businesses. Under our reforms, businesses will only need to submit one GST return a year instead of on a quarterly basis.

This change will allow local businesses to spend less time on paperwork and more time running their business.

The prime minister last week also announced a new plan to streamline the administration of Labor's paid parental leave scheme for small businesses - meaning businesses with fewer than 20 staff will no longer have to administer government-funded payments for their long-term employees.

We've also introduced the Small Business Superannuation Clearing House — a free online service making it easier for small businesses to pay multiple super funds. The prime minister recently announced that this service will be extended to all businesses with 100 employees or fewer.

Lindsay Greens candidate David Lenton:

The Greens recognise that small businesses are the backbone of our economy and want to ensure that they not only remain competitive, but thrive.

As such, we want to reduce the company tax rate by 2 per cent for businesses earning less than $2 million a year - that is, the vast majority of small businesses - and increase the instant asset writeoff threshold to $10,000.

We also want to see the Small Business Commissioner given more legislative power and an increase of $10 million in funding a year, in order to strengthen their ability to protect the interests of small business.

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