ATO to offer small businesses tax relief in response to coronavirus
The Australian Tax Office says it will provide relief to businesses affected by COVID-19 in the form of payment deferrals and faster access to GST refunds.
Peter Strong: Small business tax concessions for coronavirus are needed now
Australia’s 2.3 million small business, and the more than 4.5 million Australians they employ, are most at risk because of the spread of the coronavirus, writes Peter Strong.
Company directors will soon be liable for unpaid GST: A guide to managing your obligations
From 1 April 2020, Australian company directors will be personally liable for their company’s unpaid GST. Here's what you need to do to minimise your risk.
Tax debts could tank your credit score under new ATO powers
Business owners are being encouraged to manage their cashflow ahead of new laws putting a stop to the ATO being used as a 'de-facto bank'.
Tax reprieve for SMEs as ATO offers bushfire support
The ATO has extended its tax deferral program for small and medium businesses in communities affected by the Australian bushfires.
“Guilty until proven innocent”: Tax office R&D audits leave startups facing “financial ruin”
Federal regulators have buggered up the administration of Australia's largest R&D incentive program, a scathing small business ombudsman report has found.
‘The screws are tightening’: R&D reforms decried as anti-innovation as Morrison’s startup headaches continue
As the Morrison Government's R&D tax incentive reforms come under fire, we examine the history behind the proposed changes and why Australian businesses are not happy.
Review into ATO highlights ‘inherent limitations’ of compensation scheme for public service mistakes
The ATO will make it easier and simpler for small business owners to access compensation, after a review found the current scheme was ineffective.
ATO compensation overhaul as government seeks to improve small business access to justice
The ATO's defective administration processes will be updated and improved under a government plan to make small business compo fairer.
New GST rules ‘level the playing field’ for independent hotels, ATO says
The tax office says new rules bringing some multinational online travel agents under the GST blanket will 'level the playing field' for SME operators.
SMEs wary as ATO grants big business 12-month reprieve to confess tax problems
Some of Australia’s largest private companies will be given more time to notify the tax office of tax problems, but small business groups say the government must continue its efforts to improve tax transparency.
ATO to visit 400 Brisbane businesses in another black economy crackdown
Next month, the ATO will visit 400 businesses in inner-north Brisbane, which it said is “at risk” of becoming a black economy hotspot.