Does tax literacy matter? The relationship between small business literacy and business performance and cash flow

Loading...
Thumbnail Image
File version
Version of Record (VoR)
Author(s)
Belle Isle, Melissa
Freudenberg, Brett
Sarker, Tapan
Primary Supervisor
Other Supervisors
Editor(s)
Date
2023
Size
File type(s)
Location
License
Abstract

Resource Based Theory would suggest that owners or managers who efficiently and effectively make use of internal resources and implement strategies in their businesses have a greater chance of realising a competitive advantage over others in the same industry. This research explores whether the internal resource of understanding business tax, financial statements and/or computer accounting software (CAS) by small business owners is related to their business success in the service sector. The results demonstrate that small businesses with a higher understanding of business tax and CAS achieve a higher value of gross annual revenue, as well as net annual income. These results are important in demonstrating the need for small business owners to improve their understanding of business tax and CAS can aid the overall success of their business.

Journal Title
Journal of Australian Taxation
Conference Title
Book Title
Edition
Volume
Issue
Thesis Type
Degree Program
School
DOI
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
This work is covered by copyright. You must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a specified licence, refer to the licence for details of permitted re-use. If you believe that this work infringes copyright please make a copyright takedown request using the form at https://www.griffith.edu.au/copyright-matters.
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject
Taxation accounting
Taxation law
Accounting, auditing and accountability
Applied economics
Commercial law
Persistent link to this record
Citation
Belle Isle, M; Freudenberg, B; Sarker, T, Does tax literacy matter? The relationship between small business literacy and business performance and cash flow, Journal of Australian Taxation, 2023, 25 (1), pp. 5-33
Collections