Australia’s SME (small and medium-sized enterprise) sector is experiencing its strongest revenue performance since 2011.
According to research from MYOB’s March 2015 Business Monitor report, 23 per cent of SME owners increased their revenue in the past 12 months, the highest level of revenue growth recorded since September 2011.
In addition, 30 per cent of SMEs surveyed reported a decrease in revenue, the lowest level since March 2011, while a further 43 per cent reported stable revenue in the past 12 months.
Overall, more SMEs said the federal government could be doing more to help them succeed, with 33 per cent dissatisfied with the level of support they are receiving compared to 27 per cent saying they were satisfied.
This sentiment was mirrored in attitudes towards the states, with 34 per cent of respondents being disappointed in their state government’s performance in the past six months, compared to 29 per cent of SMEs who felt that they had been performing well.
“The message from Australia’s small and medium businesses is clear – more support from the federal and state governments is required to allow them to reach their full potential and further develop the key role they play in our country’s economy,” said MYOB chief executive Tim Reed.
"When I was working in Australia I had no idea what I was doing when it came to my taxes or finance, Brock and his team helped me so much, after a while i understood what I needed to do and they even did it for me, they explained everything in a no nonsense manner." David Dixon-Angélil
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