Taxpayer-subsidised waste: The instant asset write-off isn’t all its cracked up to be
The third leg of the government’s election tax package is an expansion of the instant asset write-off — but its not necessarily good for small business.
“Enabler of existing risks”: ATO to extend cryptocurrency reach amid concern about black economy activity
The ATO is coming after cryptocurrency transactions due to concern investors are dodging their tax bills and could be participating in the black economy.
“Alarming”: 70% of micro-businesses haven’t heard of single touch payroll as deadline looms
New survey data has sparked new concern about the implementation of single touch payroll reporting for micro-businesses as a soft deadline approaches.
Tax cuts left, right and centre: Here’s an explanation you’ll understand
With all the announcements about tax over the past few days, from both the coalition and Labor, it’s hard to keep track. So here it goes.
Startups wanted more: SMEs welcome budget tax relief but say innovation support is lacking
Small businesses have welcomed the coalition's tax relief pitch, but startups say the federal budget lacked support for innovation.
‘Human error’: 7-Eleven, Caltex singled out by ACCC over axing of tampon tax
Caltex and 7-Eleven have been singled out by the ACCC for being laggards in reducing prices following a decision to axe the tampon tax.
Budget 2019: Vocational training overhaul needed to future proof small business, advocates say
The 2019-20 federal budget is less than a week away, and as small business draws up a wishlist, we want to know what you think.
“Latent risk”: Businesses warned about employee backpay claims after ATO clarifies superannuation law
Businesses paying leave loading are being warned to check their books after the ATO clarified how superannuation applies.
Deli deceit: Man jailed for seven years after claiming $5 million for his wife’s retail website
A man who claimed it cost $5 million to build a website for his wife's deli business has been jailed for seven years for tax fraud.
ATO to visit 4,000 businesses in black economy blitz as new benchmarks are released
The ATO has warned it will be increasing enforcement activity in the lead up to EOFY by conducting more than 4,000 black economy checks.
Four years’ jail for accountant who lodged tax returns without permission
A Perth-based accountant has been jailed for four years for trying to obtain over $250,000 from clients and the ATO fraudulently.
ATO negotiates with big banks on single touch payroll solution as more than 300,000 SMEs lag behind
The ATO is negotiating with the major banks on a possible STP solution within online banking as it faces over 300,000 firms with no digital payroll.
