AGP Executive Report
Last update: 6 hours agoTrust Tax: A Senate inquiry heard Labor’s proposed 30% minimum tax on discretionary trusts could hit small business owners on modest incomes; housing groups also warn the changes may delay or cancel projects, including up to 20,000 home builds. Black Friday: Xero says 53% of Australian small businesses plan to join the sales, up from 43% last year, but 55% of past participants used credit or deferred payments to fund extra stock and staff. Cost Pressures: Rising operating costs are squeezing sole traders and microbusinesses, while major employers’ job cuts add to concerns about a weakening economy. Local Support: Nambour businesses facing streetscape disruption can access free mentoring, short courses and financial counselling through Queensland government programs. Cyber Safety: Small businesses are also on alert after a scam link led to Minister Anne Aly’s WhatsApp account being hacked, a reminder to verify unexpected messages even when they appear to come from someone trusted.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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