Budget 2023: PAYG and GST instalment increase halved to boost cash flow for 2.1 million small businesses
Cash flow support for small businesses will come through a halving of the adjustment factor applied to Pay As You Go (PAYG) and GST instalments.
Budget 2023: $290 million instant asset write-off scheme extension promises $20,000 threshold for small businesses
The instant asset write-off threshold will temporarily rise to $20,000, giving small businesses another chance to invest in their operations and immediately deduct the full cost of depreciable expenses from their tax bill.
Queensland edtech unicorn Go1 acquires popular German book app as valuation hits $3 billion
Queensland-based edtech unicorn Go1 has pulled off a rare feat for an Aussie startup: acquiring a well-established international startup that itself has raised millions of dollars in VC funding.
Energy relief, JobSeeker and more put Labor’s cost-of-living package at $14 billion
More government plans to support households and businesses through the period of sky-high inflation will be unveiled in the budget on Tuesday night.
How to set up an employee share scheme that doesn’t trigger a discount on sale
Share schemes are great incentives to attract and retain employees but what can startups or thinly traded listed stocks offer when performance rights are not suitable?
“No tariffs on 99% of Australian exports”: PM buoyant about UK free trade agreement
Australia's free trade agreement with the United Kingdom will start at the end of the month, Prime Minister Anthony Albanese says.
“Admin nightmare”: ATO online service outages stretch to nearly a week
Users of the Australian Taxation Office's online portal reported outages as late as Tuesday afternoon, with the tax office yet to detail the cause of technical difficulties causing almost a week of disruptions.
“Recession roulette”: Eleventh interest rate hike in a year sparks concerns
The decision to hike interest rates again after a month on pause has raised concerns the Reserve Bank could nudge the economy into a recession.
Future Super pays $13,000 ASIC fine over Facebook post that ‘overstated’ its green impact
Sustainability focused superannuation fund Future Super has become the latest Australian company to be handed a fine by the corporate regulator for so-called 'greenwashing'.
Explained: Payday superannuation reforms and what small businesses need to know
Employers will need to pay their workers' superannuation every time they pay their regular wage, thanks to a significant change to retirement saving rules introduced by the Albanese government.
SMEs face obstacles in Chalmers’ $20k tax break for installing solar and more
The Albanese government's pre-budget announcement of $20,000 for SMEs may not be everything it's cracked up to be, critics say.
Small business lender Judo Bank is using automation and AI to bring the fight to the Big Four
Small business lender Judo Bank says its new forays into automation and artificial intelligence will provide customers with insights they could not gain on their own, as the scale-up challenges "industrialised" SME loans offered by the Big Four.
