Businesses that employ foreign workers will be subject to a new levy that will be used bankroll a fund for training Australian job seekers, the Government announced in the Federal Budget. From March 2018, businesses will be subject to a levy of $1200 per foreign worker or $1800 if they’re on a temporary skilled visa. In […]
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, the Government announced in the Federal Budget. The extension has generally been welcomed, although there have been calls to make the measure permanent and increase the write-off threshold to benefit more businesses. […]
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 accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer […]
The findings highlight relatively unchanged conditions of subdued confidence, which the NAB says points to a lack of movement towards “a sustained economic recovery developing”.
Unions are calling for the Abbott Government to make employment the focus of next week’s Federal Budget, as new ABS figures reveal an increase in unemployment.
In case you missed it, here is some great news for anyone feeling discouraged about Australia’s small business sector: the head count is in and it is on the rise. In further (unsurprising) news, the sector continues to carry the local economy.
Small businesses have come through the Labor Government’s latest budget unscathed, escaping the cuts that fell on big business.
These days it’s not uncommon to see headlines about the rising cost of living blazoned across our nation’s newspapers.
Latest Bibby Barometer survey found that small businesses are pessimistic about the outcomes of next month’s Federal Budget, with many hoping, but not expecting, reduced taxation and a cut in red tape.
If you have staff from overseas claiming a Living Away From Home Allowance (LAFHA) you need to get up to speed with some changes coming on 1 October.
