The Tax Office has small business square in its sights this year, with PAYG obligations, trusts, profit shifting, eCommerce and the construction and building industries all marked for extra compliance monitoring during the 2013-14 financial year.
If the Rudd government is re-elected to another term this year, it will legislate a move from the carbon tax to an emissions trading scheme effective from July next year, the government announced on the weekend.
With a new book, XERO for Dummies, out on the market, Heather Smith is a big believer in cloud accounting, especially for business owners who aren’t comfortable with their financial literacy.
According to research by the Institute of Public Accountants (IPA) and accounting software firm MYOB, 98% say their clients were not fully prepared for when they submit their end of financial year statements.
In the latest of a 10-part series looking at the challenges start-ups face in 2013, we examine the taxman. Many start-ups struggle meeting all their obligations under tax law.
The end of the financial year is an opportune time to think about the big picture of your business. Here are four questions that can help ensure the next year is your most successful one yet.
Small businesses and sole traders could halve the time they spend managing their financials and focus on growth and innovation if they embraced cloud accounting software systems, a tax specialist from advisory firm BDO says.
Small business owners are running serious financial risks due to knowledge gaps about tax, new research has found.
The South Australian business community welcomed yesterday's announcement that companies in the state will receive a discount on their payroll tax rates – but have criticised the temporary nature of the relief.
June 30 is approaching fast. Here are some common mistakes you need to keep an eye out for when you do your taxes.
The federal government is set to consult with Australian industry over the tax treatment of employee share option schemes, which start-ups say needs to be overhauled to promote growth.
The Queensland business community is gutted over the state government's decision to delay raising the payroll tax threshold until 2015, as part of the new state budget released yesterday.
Australia recorded the eighth highest business tax rate in a recent 26 country comparison study.
In a budget where there was very little to excite businesses of any size, let alone start-ups, it’s hard to see how any entrepreneur will be in tears of either joy or despair this morning.
Small and medium-sized businesses are relieved to have escaped the worst of the cuts in last night’s budget.
Start-ups could face fines in excess of $10,000 if they make false or misleading statements when applying for an Australian Business Number, after the tax office received special funding in the 2013 federal budget for a crackdown.
How did your sector do in the 2013 federal budget? It’s time to take a look.
Last night Labor handed down its latest (and quite possibly last) federal budget. Here’s a look at some of the highlights and lowlights it contains for start-ups.
The government will effectively scrap its Australian Skills Centres of Excellence program before it even launches, while ploughing more cash into helping regional businesses find apprentices.
Start-ups are to be hit by an increase in the cost of registering a business name, with the corporate regulator hiking fees to $32 for one year and $74 for three years.