The competition watchdog says businesses could be forced to defend any price rises in response to the carbon tax, after a liquor store used the tax to justify a 20% rise in the price of beer.
Australia remains one of the easiest places in the world to start a business, although conditions have worsened in the past two years, according to a new World Bank report.
Failure to watch payroll tax issues can be fatal, as a prominent restaurant entrepreneur has discovered. Don't fall into the same trap.
Top Sydney chef Tony Bilson to shut restaurants after payroll tax bill forces him into administration10:47PM | Friday, 14 October 2011 | Angela Priestley
It wasn't that regulars found other, more suitable venues for their power lunches, but rather an unexpected tax bill that brought Tony Bilson's ultimate creation, Bilson's Restaurant, to its knees.
Opposition leader Tony Abbott has renewed his pledge to repeal the carbon tax, which passed through the House of Representatives yesterday, in a move that could compromise SMEs’ long-term plans.
While the vast majority of SMEs will not be directly impacted by the Gillard Government’s new carbon tax, it will pay to start thinking about the indirect impacts on your business.
The dust has settled following the Federal Government’s two-day tax forum, with initiatives already underway in a bid to improve the tax system for businesses.
Assistant Treasurer Bill Shorten has said that the tax system needs to be better at listening.
The Tax Forum looks like being a spectacular talkfest but being the optimistic soul that I am I haven’t given up hope that a few really nice ideas will come out of it.
State governments will look to harmonise state taxes including payroll tax, insurance tax and land tax in a bid to ease the red tape burden on business.
Business groups have lined up to put forward a raft of proposals for the federal government’s Tax Forum, which is set to kick off tomorrow, although some ideas are more likely to make headway than others.
The peak industry body for small businesses says it will lobby hard at next week’s Tax Summit for the removal of red tape, especially surrounding superannuation and paid parental leave.
Small businesses are wary of taking on debt and are reluctant to hire new staff, with many fearful of the impact of the upcoming carbon tax, new research has revealed.
The government is set to unveil plans to allow loss-making companies to claim back tax paid on the prior year’s taxable income, but experts have warned that the proposals may not go far enough to benefit start-ups.
Greens leader Bob Brown has called for proceeds from the Government’s mining tax be used to deliver a 5% reduction in the company tax rate for SMEs to 25%.
The Government has released new economic modelling of how a carbon price would affect the prices of everyday items such as milk, cheese and beer, in response to criticism and pressure from opposition that such a tax would increase living standards beyond a reasonable amount.
Queensland remains the most attractive state for SMEs when it comes to state taxes, a study by Pitcher Partners has found.
Online auction and retail giant eBay has delivered a response to the Productivity Commission's draft report into the retail industry, saying it supports the commission's approach so far but warns lowering the GST-free import threshold could mean higher costs for consumers.
Qantas Airways has won a decision yesterday against the Australia Taxation Office, with the court ruling that GST is not payable when passengers miss or cancel flights.
Labor’s new R&D Tax Credit was passed through the Senate yesterday with amendments brokered by the Greens, including a quarterly payment option for small businesses.