Creating more R&D incentives and improving capital markets have been cited as potential drivers of intellectual property and tax revenue in Australia, in the wake of revelations of Google Australia’s modest tax bill.
The Federal Government should introduce more incentives to boost investment in biotechnology, a major industry player has argued, despite some recent high-profile deals in the high-risk sector.
It’s just six weeks until the end of the financial year. Unless you want the taxman to clean your business out, you must start dealing with these seven areas right now. BY GREG HAYES.
Tax experts have warned that many small businesses might not be able to claim the loss carry-back tax refund announced in last week's federal budget.
There’s only one more sleep until Federal Treasurer Wayne Swan unveils the much-anticipated 2012 Federal Budget, which comes with the long-held promise of a return to surplus.
Business groups have welcomed the Federal Government’s Budget tax loss carry-back measures, although concerns remain over business tax levels amid local and global economic conditions.
Industry groups have issued their wish lists for the Federal Budget, with an emphasis on reducing red tape and taxes, but the Government is also under pressure to target Australia’s rich.
If you are a start-up and are new at dealing with EOFY tax matters, it’s a great idea to get in touch with your accountant and start talking about what you need to do before June 30.
A roundtable hosted by the Council of Small Business of Australia and The Tax Institute has prompted calls for next week’s Budget to include a $30 million tax break for small business.
The reputation of the Federal Labor Government among businesses continues to falter, new figures show, as Prime Minister Julia Gillard attempts to cuts her losses over the Craig Thomson and Peter Slipper controversies.
The Council of Small Business of Australia and The Tax Institute will hold a round table in May, with the aim of clarifying the definition of small business for tax purposes and legal matters.
Online customers of overseas retailers would have to pay GST under preliminary options handed to the Federal Government today, while new research suggests Australian retailers’ woes are far from over.
Small business lobbyists have used an inaugural business forum to call for regulatory reform, including measuring the impact of regulation on small business.
Self-employed women are being urged to prioritise superannuation payments, after a survey revealed more than 50% of Australian female business owners are not contributing to super.
Newly elected Queensland Premier Campbell Newman has wasted no time settling into the job, meeting with senior bureaucrats to outline his priorities, including a jobless target of just 4%.
A new survey reveals almost half of Australian businesses are “undecided” if they are prepared for the implications of the carbon tax, but increased costs are identified as the most likely impact.
Small Business Minister Brendan O’Connor tight-lipped on tax ideas for small business, pledges to “advocate strongly” for sector3:11PM | Monday, 19 March 2012 | Madeleine Heffernan
Brendan O'Connor, the newly appointed Small Business Minister, says any Government worth its salt should be providing opportunities to small business.
The Federal Government may consider introducing a new corporate entity specifically for small businesses, which would give them access to some of the benefits that larger companies enjoy.
Shopping centre giant Westfield is reportedly introducing a charge clause in lease agreements for its retailers to offset the costs of the carbon tax, but Prime Minister Julia Gillard has rejected the claim.
With tax time rapidly approaching, here are three tax deduction tips that might just save your business. BY GREG HAYES.