A Comprehensive Analysis of the Business Literacies of Australian Small Businesses

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Author(s)
Belle Isle, Melissa
Freudenberg, Brett
Year published
2021
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Little is known about the knowledge (literacy) of small business owners (SBO). This is of concern as the capabilities of SBOs may be central to the success of their business. For example, such literacies might influence the SBO’s ability to manage cashflow, know their obligations under the tax system and how to interpret the financial position of the business. This article reports a survey of small businesses in the service sector in terms of their literacy for financial statements, computer accounting software and business tax, and if there is any relationship between them. Results demonstrates that there is a linear ...
View more >Little is known about the knowledge (literacy) of small business owners (SBO). This is of concern as the capabilities of SBOs may be central to the success of their business. For example, such literacies might influence the SBO’s ability to manage cashflow, know their obligations under the tax system and how to interpret the financial position of the business. This article reports a survey of small businesses in the service sector in terms of their literacy for financial statements, computer accounting software and business tax, and if there is any relationship between them. Results demonstrates that there is a linear relationship between them and that certain demographics are likely to have lower overall literacy.
View less >
View more >Little is known about the knowledge (literacy) of small business owners (SBO). This is of concern as the capabilities of SBOs may be central to the success of their business. For example, such literacies might influence the SBO’s ability to manage cashflow, know their obligations under the tax system and how to interpret the financial position of the business. This article reports a survey of small businesses in the service sector in terms of their literacy for financial statements, computer accounting software and business tax, and if there is any relationship between them. Results demonstrates that there is a linear relationship between them and that certain demographics are likely to have lower overall literacy.
View less >
Journal Title
Journal of Australian Taxation
Volume
23
Issue
1
Copyright Statement
© 2021 Journal of Australian Taxation. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Taxation law
Small business organisation and management
accounting
cashflow
literacy
small business
tax