Small business revenue jump to hit JobKeeper subsidies

Research undertaken by Xero Small Business Insights and AlphaBeta, based on a sample of 100,000 companies, suggests that small business revenue increased by 5.2% year-on-year in September. It is the highest growth in revenue since the onset of the COVID-19 pandemic and could push a large number of JobKeeper recipients off the subsidy:

The extraordinary jump [5.2%] is higher than any month since the COVID crisis began and is even higher than the average year-on-year growth pre-COVID of 4.6 per cent…

In August the government amended the eligibility criteria…

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