The federal government will crack down on business concessions in the upcoming budget, with new reports saying thin capitalisation rules and resource companies will be targeted.
Do you struggle to budget for your business or, worse, plan based on adding 10% to this years’ expenses? If so, put away your old abacus – there are some simple ways to make your budgets more effective.
Small business groups have delivered a mixed response to Julia Gillard’s announcement of a $12 billion budget shortfall, amid warnings that new taxes could be used to pay for new government spending.
More than half of small businesses are hoping for reduced taxes in next month’s federal budget, although the majority of firms are expecting the economic showpiece to hinder SME growth, according to a new study.
The Tax Office is searching for some 5600 Australians who may have hidden money overseas. And a new cross-border investigative initiative will make it easier to find them.
More than half of Australian businesses believe penalty interest charges on late tax payments should be waived for start-ups, according to a new study which also shows widespread entrepreneurial ire with the government.
A new survey has revealed only 37% of local tech companies have issued share options in the last three years, with tax reasons cited as the main consideration for their reluctance.
Australia's Small Business Commissioner is putting pressure on government departments and agencies to settle accounts with small business suppliers promptly.
New ATO commissioner Chris Jordan intends to make the nation's tax authority more open and is willing to experiment with new ways of dispute resolution.
Recent changes to the tax law mean you could be entitled to accelerated depreciation of your business assets. Here’s how you can take advantage of this change to reduce your tax bill. BY GREG HAYES.
A tax expert has issued start-ups some advice about the R&D Tax Incentive, namely in relation to the eligibility criteria and recordkeeping requirements, as the April 30 deadline draws closer.
Small Business Minister Chris Bowen takes a shot at Opposition Leader Tony Abbott's small business credentials.
The federal government has backed down on draft legislation which proposed regulating small business credit after criticism it would make it harder for small business to get funding.
Economic news has been largely doom and gloom over the past few years, but there are five reasons the Australian economy is moving toward happier days.
Did you know that company directors can become personally liable for their company’s tax obligations? If you run a business, here are the key details you must be aware of. BY GREG HAYES.
Deloitte has partnered with law firm Norton Rose to conduct a survey on employee share option plans in order to present the government with hard-and-fast data on the issues affecting start-ups.
Federal Opposition Leader Tony Abbott says the Coalition will only release its policy costings after the government releases theirs, after the Prime Minister flagged a number of cost-saving measures to be considered ahead of the budget.
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.