Tax

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...

SuperStream deadline fast approaching, businesses reminded

With just three weeks until small businesses must become SuperStream compliant, the Australian Tax Office (ATO) has urged those yet to implement the new standard to...

Making friends with your tax audit: What can it teach us?

“Embrace your tax audit” are the last words you’d expect to drop from the lips of a financial advisor, but that’s exactly what the...

Calls for lower tax rate fall on deaf ears

Calls for the company tax rate to be cut in the budget is a perennial issue, and one that small business inevitably weighs in...

Accounting firms may review tax accounts in place of ATO

An ATO pilot program – the external compliance assurance process – that allowed taxpayers to self assess has been named success and could be...

Increasing cash flow with a chattel mortgage

If you're a business, the lifeblood of your business comes down to one thing - cash flow. If you have bottlenecks in cash flow,...

$20,000 Tax break: Putting small business “front and centre”

Three months after the 2015 Budget announced a $20,000 tax break to small businesses, Tim Reed, CEO of MYOB, provider of business management solutions,...

Salary packaging as a business tool: Debunking the myths

Instead of just complying with the fringe benefits tax legislation, why not use it to your advantage? Salary packaging can maximise take-home pay and...

Xero announces strategic partnerships to benefit small business

Xero has announced a number of strategic partnerships today at Australia’s largest accounting technology conference in Melbourne, Xerocon Australia. In a keynote speech to over...

Accounting practices ‘warm’ to cloud solutions

A survey involving more than 400 practices across Australia shows that accounting firms are embracing cloud technology for themselves and clients. According to The Cloud...

New App takes the headache out of tax returns

The ATO is helping Australians to better monitor their tax deductions with the introduction of a new online tool called myDeductions. The tool will...