New tax review to reduce the compliance burden
The Tax Institute says a new inquiry into improving the tax system for small businesses must look at streamlining eligibility rules for key tax breaks like …
Inaction on lowering GST threshold angers online retailers
Advocates for Australian-made products have slammed the nation’s treasurers for political cowardice after they deferred a decision on reducing the $1,000 GST …
Resolution no closer for ESS
Treasury has said it will not yet be publically releasing whether it will make changes to the current ESS rules.
Not paying tax is a dangerous game
Not paying ATO debts is a dangerous game. The reason being, the ATO have powers far greater than other business creditors.
ATO chasing $10.6 billion owed by small business
Australia-wide, the ATO is now on the hunt for $17.7bn in unrecovered debt – and some 60 per cent ($10.6 billion) is owed by small businesses.
IPA slams current ESS tax arrangements
A professional body of accountants has slammed the current tax arrangements of employee share schemes (ESS), saying the regulations are building an …
Festive entertainment – will the ATO help out?
The common question we’re asked by many clients is, “how much of client Christmas entertainment can I claim as an income tax deduction?”
Business tax under the spotlight: get ready for 2014
Now that the gruelling 2013 election campaign is behind us, our attention can turn to the issues of growing debt to gross domestic product and the dwindling …
New government – what now for small business?
As Tony Abbott and the coalition took a convincing election victory at the weekend, business now looks to the weeks ahead and what changes are likely to be …
What small business wants come election time
Regardless of which party wins at the next federal election, there’s a few priorities front and centre for small business owners.