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.
Crypto and blockchain were missing from the budget despite continued need for regulation
Cryptocurrency and blockchain weren't to be found anywhere in the 2023 budget papers, even regarding regulation, and we can't find out why.
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.
Exclusive: Small Business Minister Julie Collins on how SMEs can get the most out of budget 2023
SmartCompany was fortunate to discuss those policies with Small Business Minister Julie Collins in her first SME-focused interview since budget night.
Federal budget 2023 is an opportunity to make SMEs cyber secure
As the 2023 federal budget time approaches, we’re calling on the federal government to make a change to enable easier access to key information relating to cybersecurity for small business owners.
COSBOA reveals 29-point Budget wish list for small businesses, highlighting tax tweaks and targeted support
Tax tweaks, targeted support, and red tape reduction are headline items in the Council of Small Business Association's latest pre-Budget submission, as the peak industry group prepares for what it calls the "post-COVID-19 climate".
ASIC’s $1.5 billion business registry overhaul now under review after cost blowouts and major delays
A troubled project to consolidate ASIC's technical hairball of business registries has been sent back to the mechanic’s shed before the budget.
Chalmers downplays cost-of-living relief measures in upcoming May budget
Jim Chalmers has outlined Labor's economic agenda for the new year, which will focus on providing cost-of-living relief — so long as it doesn’t add to inflation.
The Australian business community should lose its fuel tax credit scheme. Here’s why
Giving businesses tax credits for consuming fuel without having to pay for or reduce their carbon emissions is sharply at odds with the government’s goal of net zero emissions by 2050.
Small businesses failing ‘digital health check’ as industry urges government to include cyber resilience funding in May budget
The federal government must provide financial and advisory support to help small businesses build their digital capacities, leading industry groups say.
Accountants call for permanent WFH tax deductions similar to cents-per-kilometre car claims
The federal government should legislate a standard tax deduction for work-from-home expenses, mirroring how drivers are reimbursed for every kilometre they cover for work, according to CPA Australia.
Is your business late on its tax payments? ATO fines will soon become significantly more expensive
Small businesses which fall behind on their tax lodgements can expect their financial penalties to increase dramatically from January 1, 2023, with more rises to follow.
