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.
Effective consultations, natural disaster plan among CPA Australia’s pre-budget submissions to ACT
CPA Australia has sent an eight-page pre-budget submission to the ACT government recommending engagement with a broad cross-section of stakeholders to develop laws and regulations for the territory.
Working from home? The ATO has revealed new ‘fixed rate’ tax deductions, and stronger record-keeping rules
Australians who work from home and want to simplify their tax returns will soon need to record each hour they complete outside the office or worksite.
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.
Accountants optimistic after “critical” meeting with ATO over small business tax agent overhaul
Professional accounting groups are optimistic the ATO will continue to refine its new tax agent-linking system, after industry representatives said its six-step registration process could pose a significant challenge to small business clients.
“Red tape and grief”: Fears new ATO digital system will place fresh burdens on tax agents and clients
The ATO is trialling a new digital process linking clients to tax agents, but some accounting groups are concerned the six-step process could place a significant administrative burden on small businesses.
How governments can help businesses as insolvencies rise in 2023
Here are four steps governments should take in 2023 to support small business resilience and economic sustainability.
Prepare for 2023: 12 steps SMEs should take before Christmas
Alongside carols, gifts and roast spuds, here are 12 steps for the 12 days of Christmas that business owners and managers should prioritise to get ready for 2023.
ATO finalises s100A guidelines for how it will police trust distributions
The ATO has spent much of the past year finalising its views on what kinds of transactions involving trusts and beneficiaries might cause them to poke and prod a bit further.
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.
Wellbeing, the environment and jobs: Five spoilers for the 2022-23 budget
CPA Australia's Gavan Ord details five spoilers he's expecting to see on budget night.
