While you should discuss the specific details of your situation with a qualified tax professional, there are a few basic details of the GST you need to be aware of.
The 2013 federal election has been called for September 14. Old Taskmaster says it’s time for a little less conversation and a little more action.
With an election coming up in September, both parties will be keen to win your vote. Here are five areas the major parties will need to focus on if they want to win the support of start-ups. BY OLIVER MILMAN.
Start-ups using dodgy bookkeepers to prepare GST returns would miss out on deductions under a proposal by the Institute of Public Accountants, which has released its pre-budget submission.
Energy costs for businesses have risen on average by 14.5% since the introduction of the carbon tax, according to new figures from the Australian Industry Group.
Almost 80% of Australian consumers oppose reductions to the GST-free threshold on overseas online purchases, but any change will do little to quell their appetite to spend, new research reveals.
A recent tribunal ruling points to a need for directors to be careful about the timing of superannuation contributions.
The government’s R&D Tax Incentive has attracted claims of excessive red tape, with one tax expert suggesting start-ups “sit out” until the recordkeeping requirements are made much clearer.
Serial entrepreneur and StartupSmart mentor Michael Fox has outlined problems with employee share option plans (ESOPs) for start-ups, after being invited to meet with the federal government.
The Institute of Public Affairs' State Business Tax Calculator reveals Victoria is the place to be for the lowest businesses taxes.
Business groups have downplayed the Federal Government’s concession the budget is unlikely to return to surplus in 2012-13, with one group describing the move as “neither here nor there”.
Start-ups can celebrate Christmas with their staff without breaking the bank, experts say, after it was revealed less than two thirds of employers will organise a staff Christmas party this year.
Despite the best intentions, many marriages don’t last “until death do us part”. However, the end of your marriage need not mean the end of your business. BY GREG HAYES.
Retailers have welcomed Government action on the controversial GST import threshold, but might face a long wait for action.
Do you have ambitions of international expansion? If so, be prepared to grapple with international tax regulations. BY MARC PESKETT.
A whistle-blower has made claims the ATO has neglected assessing cases by merit and adopted a quota criteria instead.
Some people say Old Taskmaster is a cold-blooded animal. However, today I read something that made my blood boil, prior to it turning to steam and, ultimately, superheating into molten plasma.
For many businesspeople, nothing is scarier than a visit from the taxman. However, knowing what to expect and how to best manage an audit will make it less of a worry. BY GREG HAYES.
SmartCompany editor James Thomson took time out from his busy schedule to talk to Today Tonight about the debt problems suffered by Nathan Tinkler, the former tradie who became Australia’s youngest billionaire.
The Federal Government’s review into GST has recommended broadening the tax base to boost federal tax revenues, but Treasurer Wayne Swan says such a move would hurt battlers.