Win-win: Why employee bonuses are a useful EOFY tool
Employee bonuses boost morale and can reduce your total tax bill — if you structure them correctly.
Tax tips for SMEs: Super, stocktakes, insurance, and opportunities
With June 30 hurtling towards us, it is well and truly time for SMEs to get on top of their tax situation.
Tax relief for Australian brewers and distillers to kick in next month
Aussie brewers and distillers will receive automatic tax relief in the coming financial year under a $225 million government scheme.
It’s tax time again: Here’s what has changed for tax deductions thanks to COVID-19
At this time of year, tax deductions are front of mind. Here are some changes to keep in mind due to the COVID-19 pandemic.
The typical taxable income in Australia is $59,538. So why do politicians make it sound otherwise?
Hardworking or not, Australians on more than $200,000 are rare. And an awful lot of them don’t work at all.
Elon Musk, Jeff Bezos and Warren Buffett’s ‘true tax rates’ revealed. Are Australian billionaires next?
The data — leaked by an anonymous source — is American, but this kind of thing happens in Australia too, UNSW associate professor Ann Kayis-Kumar explained.
The ATO is switching off its business portal in July. Here’s what SMEs need to know
The Australian Taxation Office has switched on its new online services platform for SMEs and will soon retire the business portal it is replacing.
Sydney tax agent banned after filing 43 JobKeeper applications without permission
A Sydney-based tax agent has had her registration cancelled, after the regulator found she filed 43 JobKeeper applications without her clients' permission.
Tax office forewarns businesses it will monitor temporary asset write-off and loss carry-back claims this EOFY
The tax office is forewarning businesses that it will closely monitor asset write-off and loss carry-back claims this end of financial year.
New R&D Tax Incentive portal to be one-stop-shop for businesses
A new portal for the federal government’s R&D Tax Incentive will provide a one-stop-shop for managing companies’ registrations and applications online.
‘It’s logical’: Small business advocates support ditching payroll tax for higher GST
Small business advocates are throwing their support behind scrapping payroll tax across Australia and replacing it with an increase in GST.
Victorian government’s payroll tax hit a bitter pill for growing businesses
The Victorian government's new payroll tax levy for large and medium businesses is counterintuitive to previous efforts to reduce payroll tax in the state.
