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Tax
  • February 10 2015 Lowering corporate tax will lead to economic growth: Report

    The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.

  • February 5 2015 Battle to recover super from phoenix operators intensifies

    The Australian Taxation Office is ramping up its response to rogue phoenix operators who exploit seasonal workers, and pocket their superannuation entitlements.

  • November 11 2014 Tax agents still in demand despite tech advancements

    Tax agents still in demand despite tech advancements

  • October 29 2014 Government dodges Senate to increase fuel excise

    The Abbott government has bypassed upper-house approval to reintroduce the twice yearly indexation of fuel excise — a measure frozen by the Howard government — in a move that will increase input costs for many small business owners.

  • October 27 2014 GST increase: SMEs to benefit from wider tax package

    Tax experts and small business advocates have urged that any increase to the rate or base of the GST be accompanied by other tax changes that will help ease the burden on SMEs.

  • October 17 2014 ATO encourages myTax as deadline looms

    The Australian Taxation Office is encouraging self-lodgers who are yet to hand in their tax return to use myTax, the revenue collection agency’s new streamlined system designed for those with straightforward tax affairs.

  • October 7 2014 Small business back taxes: does it apply to you?

    The government retrospectively axed several tax concessions for small business when it repealed the mining tax. And the question that many small business owners may ask is, does this apply to me?

  • September 18 2014 Government to move on employee share schemes

    The start-up community is set to benefit next year from changes to employee share schemes and progress on the setting of clear crowd source funding rules. The start-up and venture capital sectors have loudly complained about tough conditions for aspiring tech entrepreneurs, warning they are forcing many to relocate overseas and damaging Australian competitiveness. The Read More…

  • September 2 2014 Mining tax repeal delays workers’ super increase

    Workers will miss out on an increase in their super payments under a new deal finalised between the government and the Palmer United Party to axe the mining tax. Small businesses are also set to lose out on key measures including the loss carry-back provisions and reduction in the instant asset write-off, both of which Read More…

  • July 11 2014 Confusion continues over instant asset-write off

    Clive Palmer has caused a headache for the government on carbon, but his positioning on the mining tax repeal has heightened uncertainty over a key small business tax break.

  • July 10 2014 The carbon tax lives on

    The Abbott government has suffered a humiliating defeat in the Senate at the hands of the Palmer United Party which sided with Labor and the Greens to block the repeal of the carbon tax.

  • June 24 2014 Woolworths in murky territory over “voluntary levy”

    Woolworths’ use of a “voluntary levy” to help fund its marketing campaign featuring celebrity chef Jamie Oliver has been labeled as “very unusual” by a leading competition lawyer.

  • June 4 2014 Tax compliance costs hurting smaller operators

    Tax compliance is costing Australia’s 1.7 million small and medium sized businesses about $18.4bn a year, according to new research. The figures produced by the Institute of Chartered Accountants Australia show the average gross tax compliance cost for small to medium sized Australian businesses is running at $11,000 per firm each year. The Institute’s Head Read More…

  • May 27 2014 Forward planning essential to a successful ‘EOFY’: Are you prepared?

    With one month to go until the end of financial year, around one third of SMEs are making inroads into their financial reporting obligations – the majority will leave it to the last minute.

  • May 14 2014 Budget 2014: the small business specifics

    Small business has emerged as a relative winner from Joe Hockey’s tough first budget containing long-term structural reforms including painful savings in the areas health, welfare and education.