ATO reveals tax-time hitlist, cracking down on dodgy WFH claims and capital gains errors
The Australian Taxation Office (ATO) has revealed its priority hit-list for the end of financial year period, reminding workers and businesses to stay on top of their work-related expenses and potential capital gains requirements.
A major minimum wage hike and impending super increase will hammer small businesses, industry representatives fear
The federal government has maintained its call for the national minimum wage to move in line with inflation, heralding the possibility of significant back-to-back increases flowing through to small business employers.
Trade minister vows to “persevere and persist” in quest to overturn China’s barley, lobster, wine bans
Despite the in-person meetings in China, Senator Farrell said it would take time for trade relations to return to normal.
Opinion: PwC should’ve reviewed material, provided advice and shut up
Let’s be clear: there is nothing like a story involving a global brand, a scandal and questions about why a firm went like PwC used confidential information.
Government plans to push for $1 billion small business tax break ahead of June 30 deadline
Should the bill not pass before June 30 this year, small businesses which upgraded their technology in 2022-2023 on the expectation of a generous tax break will go into the new financial year without legislation underpinning their 'bonus' deductions.
Budget 2023: What the halving of the PAYG and GST instalment increase means for small business
The 2023-2024 federal budget halves a scheduled 12% tax instalment increase to 6%, a move the federal government says will improve small business cashflow.
Small businesses must start planning as two key tax measures are set to end on June 30
Small businesses should be going back to basics and understanding a few tax measures that are ending and working out the best course of action for their business.
Small gains, big crackdowns: What the tax measures in the budget mean for small business
Small businesses need a sustainable tax system that will encourage investment and generate economic growth.
How the federal budget may change the RBA’s view on interest rate hikes
The RBA’s latest forecasts now assume no further rate rises will be needed for inflation to fall back to the central bank’s 2-3% target range by mid-2025.
Explained: The $20,000 instant asset write-off and how small business got here
A ramped-up instant asset write-off scheme will offer small businesses tax breaks on eligible purchases over the next financial year, averting fears the scheme would drop to cover purchases of just $1,000.
Unicorn startup Pet Circle eyes pet insurance sector with “personalised” policies
The launch of Pet Circle Insurance follows the company’s Series C $125 million funding round in late 2021, which catapulted Pet Circle to unicorn status.
Budget 2023: ATO offers late payment penalty amnesty to SMEs as it claws back billions in COVID-era debt
The Australian Taxation Office will offer an amnesty to small businesses which have fallen behind on their payments.
