Budget comes to rescue of small business

Federal government tax breaks for small business couldn't have come soon enough.

A small business survey found firms struggled through difficult trading conditions during the March quarter and their outlook is bleak.

"The budget initiatives, combined with record low interest rates, should help small businesses rediscover their mojo, which the survey shows has gone missing in recent months," Australian Chamber of Commerce and Industry chief executive Kate Carnell said as she released the survey.