Tax

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Business advocates' mixed response to $12 billion budget shortfall announcement

4:49PM | Tuesday, 30 April 2013 | Patrick Stafford

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.

Small businesses pessimistic over federal budget prospects: Survey

4:19PM | Tuesday, 16 April 2013 | Michelle Hammond

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.

Tax Office hunts for 5600 cheats in cross-border raid

4:28AM | Tuesday, 2 April 2013 | Chris Seage

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.

Start-ups call for penalty charges to be waived on late tax payments

3:23PM | Tuesday, 26 March 2013 | Michelle Hammond

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.

Just one in three start-ups use employee share options – three top tips you should know

3:35PM | Tuesday, 19 March 2013 | Michelle Hammond

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.

Small Business Commissioner pressures government departments to pay SMEs promptly

3:24PM | Tuesday, 19 March 2013 | Cara Waters

Australia's Small Business Commissioner is putting pressure on government departments and agencies to settle accounts with small business suppliers promptly.

ATO commissioner Chris Jordan promises to "drive change" in tax system

3:24PM | Thursday, 14 March 2013 | Patrick Stafford

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.

Time to write off your asset-based tax

3:02PM | Wednesday, 13 March 2013 | Greg Hayes

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.

R&D Tax Incentive deadline looms: What you need to know

3:08PM | Tuesday, 12 March 2013 | Michelle Hammond

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.

Bowen calls Abbott's small business claims "hypocrisy and nonsense"

2:35PM | Thursday, 21 February 2013 | Cara Waters

Small Business Minister Chris Bowen takes a shot at Opposition Leader Tony Abbott's small business credentials.

Government backflips on plans to regulate SME access to credit

2:54PM | Thursday, 14 February 2013 | Cara Waters

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.

Five reasons to be cheerful about the economy

2:48PM | Thursday, 14 February 2013 | Yolanda Redrup

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.

Don’t ignore tax obligations if you are a company director

2:21PM | Thursday, 14 February 2013 | Greg Hayes

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 and Norton Rose to press government on employee share options

2:50PM | Monday, 4 February 2013 | Michelle Hammond

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.

Business tax concessions under threat as election rhetoric heats up

1:59PM | Thursday, 31 January 2013 | Michelle Hammond

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.

Do I charge my overseas clients GST on consulting services?

1:50PM | Thursday, 31 January 2013 | Robert Krigsman

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 one (election) day in September we want to remember

1:39PM | Thursday, 31 January 2013 | Taskmaster

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.

Start-ups’ federal election wish list

1:25PM | Thursday, 31 January 2013 | Oliver Milman

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.

Businesses with dodgy bookkeepers should be penalised, says IPA

1:45PM | Wednesday, 30 January 2013 | Michelle Hammond

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 up 14.5% for start-ups after carbon tax: Report

1:54PM | Tuesday, 29 January 2013 | Yolanda Redrup

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.

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