AGP Executive Report
Last update: 9 hours agoHospitality squeeze: Sydney restaurateurs are weighing broken equipment against already-high bills, while industry figures say one in eight Australian restaurants and cafes closed in the year to July. Tax and cash flow: More than 37,000 businesses are behind on tax, up 21 per cent, as the ATO pursues a record $54 billion in overdue debt. Card fees: Small firms warn the surcharge ban and limits on paying ATO bills by card could tighten cash flow and force pricing changes. Business protection: New security funding aims to protect small and family businesses, including tradies’ utes and vans. Payment reform: Western Australia has passed subbie payment protection laws, a potential boost for subcontractors waiting on money owed. AI opportunity: New estimates suggest AI could lift SME productivity, with one report projecting annual gains of up to $136,000 per business.
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.