What the mid-year economic outlook means for business

Summary

The Federal Treasurer has released the Mid-Year Economic and Fiscal Outlook (MYEFO) for 2012-2013, and it won’t come as any great surprise to SME owners that the economy, whilst not going backwards, is certainly not moving forwards as swiftly as the Treasurer would like. Here’s how the MYEFO announcement will impact small businesses over the foreseeable future.

Tags: Australian Economy, Cashflow, Mid-Year Economic and Fiscal Outlook, MYEFO, PAYG, Small business compliance, Superannuation, Tax