Finance

Small businesses are being warned to pay attention to their tax obligations and if in trouble, to speak up early to set repayment plans with the ATO.

The federal government has decided not to proceed with a previous Coalition policy that would have allowed business operators to self-assess intangible depreciating assets, such as patents, registered designs, copyrights and in-house software. 

Anyone who is a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation is required to register and director identification number by November 30.

Bad faith business practices are why the Australian government is taking action to stop large multinational corporations from hiding behind false structures to unfairly reduce their tax bill.

COSBOA is pushing for new government spending on SME skills training and resilience measures while softening its language on multi-employer bargaining.

Employment in the spirit manufacturing industry is up 240%. Some distillers weigh in on what is still holding the local industry back.

YouTuber elmaxo spent hundreds of dollars on a 'collector's phlogistinator' for a video and believes the ATO should accept it as a work expense.

A draft ruling from the ATO could significantly change how famous entertainers, sports people, and influencers profit from their fame.

Tradies, hairdressers, nurses and politicians could miss out on a tax break if the federal government backflips on, or rethinks, the scheduled Stage 3 tax cuts, as the Treasurer flags "difficult decisions" must be made in this month's federal budget in light of a looming global recession.

The federal government may be promising a ‘bread and butter’ budget when Treasurer Jim Chalmers delivers his economic blueprint in late …

Tax incentives designed to expand Australia's advanced manufacturing base will benefit the economy, Peter Strong says.

Draft legislation for the federal government's Skills and Training Boost ought to be amended so that small business owners and not just employees can access it, according to CPA Australia.