David Adams, Author at SmartCompany - Page 34 of 78

David Adams is a senior business journalist at SmartCompany. He is interested in the challenges and opportunities facing Australian businesses, along with the influences of technology, culture, and a changing climate. Before SmartCompany, David served as a reporter for Business Insider Australia. You can find him on Twitter at @DavidAdams_AU.

tax tech

From GST and PAYG to family trusts: Former ATO expert lists common small business tax mistakes

Tax time is often the most stressful time of the year for small businesses, but a former Australian Taxation Office official has listed four tips to help entrepreneurs avoid the tax office's ire in 2023.

tax return

Small business deductions worth $1.55 billion appear in the 2023 tax return but are yet to pass into law

Australian lawmakers only have a handful of days to enact $1.55 billion in 'bonus' tax deductions before the new financial year begins, leading the tax office to provide new guidance to small businesses banking on those kickbacks for their 2022-2023 tax return.

smoking

QLD budget: $650 energy rebates, increased funding for women founders and small business mental health

Small businesses in Queensland will face $650 energy bill rebates, thanks to a new $1.48 billion relief package at the heart of the sunshine state's 2023-2024 budget.

Peter Strong budget independents small business unions service stations union choices workplace self-employed parental leave

“Tireless” small business advocate Peter Strong named in King’s Birthday honour list

Small business advocate Peter Strong has been awarded as Member of the Order of Australia, recognising years of high-profile support for the sector and entrepreneurs nationwide.

employee fraud stolen dirty money laundering

Small, but vocal, Facebook groups are calling for Aussies to boycott cashless businesses

A small but vocal group of Australians are using social media to name and shame businesses which do not accept cash, despite contactless card transactions becoming the de facto form of payment for enterprises across the country.

The doctor is in: Australia’s ten highest-paid occupations revealed in ATO data

Medical professionals dominate the list of Australia's top-earning occupations, with the nation's top taxpayers clustered in New South Wales' most exclusive suburbs, new Australian Taxation Office (ATO) data reveals.

cash rate

“I can’t see them reopening”: How small businesses are responding to yet another cash rate hike

With all signs pointing to an economic cool-down and further drops in consumer spending, the June rate hike is likely to rattle SMEs running out of expenses to cut.

Tax penalty amnesty: ATO urges small businesses to confess their late debts and avoid hefty fines

The ATO is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme, which accounting experts see as one of the last accommodating gestures from the tax office.

The physical storefront for Jenny Craig in Castle Hill, New South Wales

Telehealth startup Eucalyptus acquires Jenny Craig’s online business as its stores close, staff lose jobs

The administrators of collapsed weight loss service Jenny Craig have failed to find a buyer for its physical operations in Australia and New Zealand, but have brokered the sale of its online services to digital health startup Eucalyptus.

accounting invoices solvency climate reporting wage theft

Peak accounting group proposes $250,000 maximum fines for members breaching the rules

Accounting firms that breach industry standards could face a five-fold increase in maximum fines, under a suite of reforms floated by leading industry body Chartered Accountants Australia and New Zealand (CA ANZ).

debt gst

ATO court actions hit pre-COVID levels as the tax office chases businesses and individuals for outstanding payments

The number of court actions filed by the ATO has surged above pre-COVID levels, new figures show, as turnaround professionals urge small businesses to grasp the "last olive branch" extended to firms with outstanding debts.

thankyou

Social enterprise Thankyou to launch cleaning products, deodorant and more after years on the down-low

Social enterprise Thankyou will soon launch its first new products in almost two years and reveal plans for international expansion, after initially asking the world's biggest consumer brands to distribute its products worldwide — for free.

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