Late tax charges, skill programs cut: Six small business updates from MYEFO
The federal government has rustled up $9.8 billion in savings since the May budget through a combination of spending cuts and reprioritisations, including measures focused on the business sector.
Tax recap: The 23 updates, reforms, and crackdowns that defined 2023
It was a year of transition for the Australian Taxation Office: after an extended period of leniency shown to small busines taxpayers struggling through pandemic lockdowns, 2023 marked a reversion to the norm.
Remixt: Nexba founders launch first alcoholic drink into a Hard Solo summer
The company behind sugar-free soft drink Nexba has launched its first alcoholic beverage, in the hopes of disrupting this summer's ready-to-drink mania with a new wine-based punch.
“Imagine the possible”: ATO commissioner envisions BAS-free future for small business
Outgoing Australian Taxation Office commissioner Chris Jordan has reaffirmed the office's commitment to a fully digital tax system, asking taxpayers to imagine a potentially "BAS-free" future for small businesses.
ATO commissioner says “softer approach” to small business debt collection is officially over
The Australian Taxation Office is "unapologetic" about collecting unpaid debts from the small business sector, commissioner Chris Jordan says, giving one final warning to enterprises deliberately holding on to overdue payments.
“Shot in the arm”: Coalition pushes to expand new instant asset write-off to $30,000
The Coalition is pushing to expand the new-look instant asset write-off scheme, arguing it should cover eligible assets worth up to $30,000, up from $20,000 covered by the Labor government plan.
ATO unveils beta version of “streamlined” website ahead of December release
The ATO has unveiled a beta version of its new website, claiming its refreshed online services will offer "streamlined" navigation and clearer information for taxpayers and tax agents alike.
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.
ATO urges accountants to double-check R&D tax incentive claims
The ATO is urging accountants and consultants to review their clients' R&D Tax Incentive claims, after identifying potentially costly errors in claims made under the multi-billion dollar scheme.
Company director hit with $53,000 DPN nearly a year after business deregistration
The Australian Taxation Office should clarify its legacy debt collection strategy, an insolvency practitioner says, after the tax office levelled a director penalty notice against an entrepreneur whose business was liquidated and struck off the company register last year.
The High Court was right to overturn Victoria’s EV tax but the road ahead is bumpy
The High Court was right to overturn Victoria's EV tax, writes John Quiggin, but there's a danger this decision will be extended to rule out any kind of road user charge.
Missing receipts sink Queensland director’s $50,000 claim for work-related tax deductions
A Queensland director has been unsuccessful in his bid to claim nearly $50,000 in business travel, accommodation, and food costs as income tax deductions because he didn't have the receipts.
