Small business groups urge the federal government to offer $5,000 financial advice subsidies to SMEs Lois Maskiell © Provided by Smart Company Josh-Frydenberg
Accounting and small business groups are urging the government to give SMEs financial incentives to seek out advice from financial advisors after JobKeeper comes to an end next month.
CPA Australia, Chartered Accountants Australia and New Zealand, the Institute of Certified Bookkeepers, the Australian Small Business and Family Enterprise Ombudsman and the Council of Small Business Organisations Australia jointly proposed the subsidy program, aimed to help viable small business access financial advice as coronavirus emergency relief winds down.
The program would give small businesses with up to $10 million in annual turnover a subsidy of up to $5,000 to access a 15-month financial plan from an accredited advisor.
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