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.
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.
ATO issues new warning to GST fraudsters after search warrants, saying “we will be recouping the funds” one way or another
The ATO has issued a last-chance notice to attempted GST fraudsters, after joining forces with the Australian Federal Police to execute new search warrants on those suspected of promoting the scam.
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.
New ATO small business chief offers olive branch to SMEs after leading raids on suspected GST fraudsters
The ATO's new small business chief has urged those with unpaid debts to come forward and ask for help, offering a gentle touch just months after leading raids on 19 people suspected of GST fraud.
Victorian government now reassessing rejected COVID-19 small business support applications after Business Victoria issued “incorrect” advice
The Victorian government is reassessing COVID-19 SME support grant applications it rejected last year after allegations of flawed information.
How to review and improve your pricing strategy in six small steps
The new year brings with it the perfect opportunity to review your pricing strategy and make sure your business remains profitable.
Four government initiatives that would pave the way to recovery for women-owned businesses
Government stimulus packages such as JobKeeper and the tax cash boosts have no doubt been effective. But these measures are temporary.
JobKeeper GST rules: Sole traders warned on taxable supply hitch
Sole traders are being advised to ensure they're reported a taxable supply to the ATO before applying for JobKeeper payments.
Why a GST holiday could help put colour back in the cheeks of the economy
Dropping the GST for six months would be a wise stimulus strategy and give the maximum economic bang for the government’s buck. Here's why.
The “last great reform”: 20 years later, has the GST delivered what the politicians promised?
The GST was meant to end the black market, lift the national savings rate and boost revenue to the states. Twenty years on, has it delivered?
