Tax

Prepare or fall prey to the tax man: how to make sure your business is ready for 30 June

Are you across all of the changes and how they will affect your business before this financial year ends? As an owner of an...

Review your industry, socialise (in the real-world) and other ways to get an EOFY leg-up

The phrase ‘tax time’ can all too easily translate to feelings of boredom, dread and uncertainty for the small business owner. There’s the income...

NSW Budget: measures will save money for up to 600,000 small businesses, treasurer says

More than half a million small businesses stand to benefit from tax cuts included in the 2017-18 NSW Budget, according to Treasurer Dominic Perrottet....

Five strategies for reducing the confusion and stress associated with tax-time in your SMB

It’s nearing that time of year that all business owners dread, as the June 30th deadline approaches, SMEs are forced to get their last...

Three reasons this year’s federal budget is advantageous for small business owners

After the Federal Budget was announced on Tuesday, 9 May, small business owners will be trying to work out what matters most to them....

Federal Budget: foreign worker tax introduced

Businesses that employ foreign workers will be subject to a new levy that will be used bankroll a fund for training Australian job seekers,...

Federal Budget: small business $20k instant asset write-off scheme extended by one year

Businesses with an annual turnover of up to $10 million will benefit from the $20,000 instant asset tax write-off scheme for a further 12 months,...

A permanent $20k tax write-off for SMEs would help arrest government distrust says MYOB CEO

Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by...

R&D Tax Incentive registration deadline looms

The deadline for registering for the Research and Development Tax Incentive, which offsets some of the costs of eligible R&D activities, is Monday, 1...

Coalition strikes deal for SME tax cuts

SMEs with revenues up to $50 million will have their tax rates cut after the Federal Government struck a deal with the Nick Xenophon...

Senator Abetz reveals how government could keep funding the SME instant asset write-off

Senator Eric Abetz has recommended the federal government return small business to the cabinet and place the portfolio in the hands of Liberals. In an...

Small businesses are holding back growth to stay within the tax threshold, says MYOB CEO

Proposed tax rate changes, which would affect approximately 100,000 small businesses, will deliver the best “bang for buck” for the economy,  accounting software provider MYOB and the...

R&D Tax Review report recommends capping refund available to start-ups at $2 millon  

The Federal Government has encouraged businesses to submit feedback on findings from Research and development (R&D) Tax Incentive Review report, released this week Undertaken by...

Taxing times: How to take the pain out of making a tax claim on work-related travel

It's that time of year again: tax time. When the challenge of filing personal taxes is compounded by the need to sift through work-related travel expenses, it's...

Google Tax: an incubator fund for start-ups

Taxes are high in Australia. But when it comes to taxation policies, our government is too lenient on some large businesses and too hard on...

SME dissatisfaction with fed govt support increases: MYOB Business Monitor survey

The current federal government is more popular amongst SMEs than its predecessor but an increasing number of business owners are dissatisfied with the Coalition’s support,...

SME owners losing personal time to EOFY prep

Small business operators are working weekends and nights to organize the paperwork necessary to meet their EOFY obligations, according to the latest MYOB Business...

Missed opportunities for SMBs that go it alone at tax time

Many of Australia's small businesses might be missing out on potentially valuable tax deductions by not consulting with a financial expert, according to research...

Ad-hoc expense management systems a burden for financial controllers and sales staff

Small businesses can take the pain out of meeting EOFY tax-time requirements by ditching the shoebox overflowing with expense claims and invoices.  Dynamic Business spoke...

SuperStream extension for small businesses

More than 450,000 small businesses have become SuperStream compliant ahead of the 30 June deadline. If your businesses will struggle to adopt the new payment...