Message from the CEO Dominique Lamb
Dear <<First Name>>,
We had high hopes for this year’s Federal Budget, delivered in the midst of major challenges to the retail landscape, including weaker retail sales over three of the past four quarters, and an ever-increasing influx of overseas competitors.
Despite it following the tough medicine approach of 2014 that sent shockwaves through retail, and the next two years’ Budgets that struggled to rein in spending without major impacts on discretionary spending, Budget 2017 overall is nothing to write home about.
There are a few measures outlined that are very good for business however, as tax cuts and extended accelerated depreciation are definitely welcome to retailers.
The Government’s deal to secure company tax cuts for more than three million small and medium businesses is a move designed to stimulate growth and employment across the nation, and it’s one that will particularly resonate with retailers.
Additionally, small business owners with annual sales under $10 million (up from $2 million last Budget) will get another year to claim... Read more >>
Dominique Lamb, CEO
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