ATO surprises taxpayers and accountants by reviving tax debts under $1
The ATO has unexpectedly revitalised thousands of dormant tax debts, some of which are for as little as 31 cents.
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.
Victorian small businesses wait months for COVID-19 payments amid confusion over GST rules
Confusing advice, unanswered queries and weeks without COVID-19 business support payments are causing anger among some small business owners in Victoria.
More costs on the cards for SMEs as COVID-related workers’ comp claims spike
An uptick in workers’ compensation claims related to COVID-19 could lead to a spike in WorkCover premiums.
Accountants face a catch-22 over charging for accountants letters
Accountants are facing a catch-22 as small businesses ask them to issue so-called accountant letters for COVID-19 grant applications free of charge.
Accounting groups meet with state government to iron out business support issues
Accounting groups are meeting with state governments to iron out the issues affecting coronavirus business support payments amid growing frustration among their members.
“I just hope the tank doesn’t run out”: A week in the life of a small business accountant during lockdown
Stacey Price shares a glimpse of her weekly life as a small business accountant during the busiest time of year, with COVID-19 lockdowns thrown on top.
As an accountant, COVID-19 has been a heavy burden to carry but it hasn’t defeated me
The COVID-19 pandemic has taken an immense toll on accountants and bookkeepers, with many fighting for the survival of their own business as well as their clients.
EOFY 2020: Tax tips for SMEs and sole traders
The end of financial Year is approaching and there's plenty of changes to understand in 2020. Here are key EOFY tips for SMEs and sole traders to help you stay on top of your affairs.
Where’s my money? Why is it taking so long to get COVID-19 stimulus cash into business bank accounts?
Morrison’s coronavirus stimulus pledged $66 billion for business, but most of that won’t hit bank accounts until late-April. We asked some accountants why.
ATO should interact more with accountants and less with small business, says Assistant Treasurer
Assistant Treasurer Michael Sukkar wants the ATO to be more engaged with accountants and have less, but more positive, interaction with small business.
How the Australian government stitched up its own tax office
Asked now to pat its belly while rubbing its head by administering the tax offset alongside STP, the tax office is still untying its hands.