Tax penalty amnesty: ATO urges small businesses to confess their late debts and avoid hefty fines
The ATO is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme, which accounting experts see as one of the last accommodating gestures from the tax office.
ATO court actions hit pre-COVID levels as the tax office chases businesses and individuals for outstanding payments
The number of court actions filed by the ATO has surged above pre-COVID levels, new figures show, as turnaround professionals urge small businesses to grasp the "last olive branch" extended to firms with outstanding debts.
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.
No hiding the side hustle: ATO launches new ad campaign to boost business income tax compliance
As Australian workers hurtle towards the end of financial year, the ATO is reminding new side hustlers not to overlook business income on their tax return.
ATO reveals tax-time hitlist, cracking down on dodgy WFH claims and capital gains errors
The Australian Taxation Office (ATO) has revealed its priority hit-list for the end of financial year period, reminding workers and businesses to stay on top of their work-related expenses and potential capital gains requirements.
Government plans to push for $1 billion small business tax break ahead of June 30 deadline
Should the bill not pass before June 30 this year, small businesses which upgraded their technology in 2022-2023 on the expectation of a generous tax break will go into the new financial year without legislation underpinning their 'bonus' deductions.
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.
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.
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.
“Not on the sideline, not in the spotlight”: COSBOA’s Matthew Addison reviews the budget for small business
COSBOA chair Matthew Addison gives his assessment of the 2023 federal budget, and what else the government needs to do to support small businesses.
Budget 2023: ATO offers late payment penalty amnesty to SMEs as it claws back billions in COVID-era debt
The Australian Taxation Office will offer an amnesty to small businesses which have fallen behind on their payments.
Budget 2023: 13 key measures for small business in the 2023 federal budget
The full scope of the expectation-defying document will come into focus in the days to come, but here are the key policies and updates for SMEs delivered by the Albanese government’s first ‘full’ budget.
