Why the 15% tax on the world’s biggest companies won’t fix the problem of profit shifting
The budget papers don’t say how many companies will be affected, but globally the OECD says no more than 100 corporations will have to pay the tax.
Opinion: SMEs will also feel the scorch of the debt levy in Victoria supposedly targeting big businesses
The shift to burden businesses with additional payroll taxes represents a double blow for companies already struggling with higher wages, additional costs, and inflation.
Victorian budget: Small businesses get payroll tax relief, but big businesses will pay more
The Andrews Labor government says it plans to make payroll tax “fairer” for Victorian small businesses by lifting the payroll tax-free threshold in two stages over the next two years.
New ATO scheme will pay small retailers to report their GST monthly
The Australian Taxation Office will pay twenty small retailers to report and lodge their GST obligations on a monthly cycle, as it investigates new ways to improve tax performance among local SMEs.
No hiding the side hustle: ATO launches new ad campaign to boost business income tax compliance
As Australian workers hurtle towards the end of financial year, the ATO is reminding new side hustlers not to overlook business income on their tax return.
PwC tax leak: Separating corporate and public interests akin to separating church and state
The power of the modern consultants, like PwC, to influence government is akin to the influence Church officials once wielded.
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.
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.
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.
