New corporate entity on the cards for small business

3:29PM | Friday, 16 March 2012 | Michelle Hammond

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.

Gillard rejects reports of Westfield carbon charge clause

3:41PM | Thursday, 15 March 2012 | Michelle Hammond

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.

Three key ways to judge the value of a tax break

3:15PM | Wednesday, 14 March 2012 | Greg Hayes

With tax time rapidly approaching, here are three tax deduction tips that might just save your business. BY GREG HAYES.

Penny Wong remains tight-lipped on company tax cut start date

3:55PM | Wednesday, 14 March 2012 | Michelle Hammond

Federal Finance Minister Penny Wong is refusing to guarantee the July 1 start date for Labor’s company tax cuts, but Trade Minister Craig Emerson insists the measure will be in the Federal Budget.

IPA highlights three key areas that hinder Aussie entrepreneurs

3:07PM | Tuesday, 13 March 2012 | Michelle Hammond

Entrepreneurs are the key to boosting productivity, according to a research paper from the Institute of Public Affairs, but are held back by excessive regulation and taxes.

Greens give ultimatum on small business tax cuts

3:04PM | Monday, 12 March 2012 | Michelle Hammond

The Greens have outlined their tax wish list, calling on the government to legislate its company tax cuts and lift the definition of small business from $2 million to $5 million income.

Coalition committed to first-year surplus, Hockey says

3:43AM | Thursday, 8 March 2012 | Oliver Milman

The Coalition would deliver a budget surplus in its first year in office, says shadow treasurer Joe Hockey, but managers and consumers will determine the fate of individual businesses.

Business groups outline wish lists for new minister Brendan O’Connor

3:09PM | Monday, 5 March 2012 | Michelle Hammond

Business groups have welcomed Brendan O’Connor’s appointment as Small Business Minister, but expect the former union official to quickly get to work on meaningful reforms in the sector, especially when it comes to cutting red tape.

Five key tax busting strategies

3:33PM | Thursday, 1 March 2012 | Greg Hayes

The sad reality is we all have to pay the taxman. Thankfully, there are five easy ways for you to legally slash you tax bill and keep more your hard earned cash. BY GREG HAYES.

SMEs suffering from plummeting business confidence: ACCI report

2:35PM | Tuesday, 21 February 2012 | Michelle Hammond

The small business sector is continuing to lose confidence in the economy, according to the Australian Chamber of Commerce and Industry, as it calls for changes to unfair dismissal laws.

ATO to crackdown on misuse of Personal Services Income

2:37PM | Thursday, 16 February 2012 | Michelle Hammond

The Australian Taxation Office has issued a strong warning to accountants and clients who filed returns in 2010 under the Personal Services Income provisions, warning them of random audits.

Tech start-ups lament Labor’s living-away-from-home allowance crackdown

2:36PM | Monday, 13 February 2012 | Michelle Hammond

The tech industry says the decision to scrap the living-away-from-home allowance will make it harder to attract overseas talent, as firms become increasingly reliant on skilled foreign workers.

Modelling an overly-lean start-up

2:34PM | Friday, 10 February 2012 | Michelle Hammond

When Taryn Williams started her modelling agency WINK, she quickly realised her management style wasn’t sustainable if she wanted to be taken seriously. BY MICHELLE HAMMOND.

Businesses in the dark over tax write-offs as economic pessimism grows

2:05PM | Friday, 3 February 2012 | Michelle Hammond

More than a third of small businesses believe Australia’s economy has worsened in the last six months, new research shows, while less than a quarter are unaware of a new tax write-off.

Small Business Minister Mark Arbib identifies rents and payroll tax as top SME concerns

1:00PM | Friday, 27 January 2012 | Michelle Hammond

Newly-appointed Small Business Minister Mark Arbib has downplayed the level of concern among small businesses over the carbon tax, identifying rents and payroll tax as more important.

No growth for retail in November: ABS

1:52PM | Monday, 9 January 2012 | Michelle Hammond

Retail sales remained flat in November, according to the latest figures from the Australian Bureau of Statistics, after increases of 0.2% and 0.3% in October and September respectively.

Government accused of delaying taskforce help for retailers

12:04PM | Friday, 9 December 2011 | Michelle Hammond

A retail group has accused the government of failing to stand up for Australian retailers, after deciding to refer the recommendations of a Productivity Commission report to another taskforce.

VCs call for UK-style tax breaks to spur start-up market

11:55PM | Wednesday, 30 November 2011 | Oliver Milman

The Federal Government has been urged to do more to spur start-up investment, following the unveiling of a UK government initiative that gives a huge tax break to venture capitalists.

Industry groups cast doubt on Labor’s surplus pledge

11:00PM | Tuesday, 29 November 2011 | Michelle Hammond

Industry groups have thrown their support behind the Federal Government’s renewed promise to return the budget to surplus, but have raised doubts over the measures it will use to achieve this.

Small business allowed to contest ATO benchmarks

11:05PM | Tuesday, 29 November 2011 | Michelle Hammond

Benchmarks developed by the Tax Office for small businesses are a good tool to detect income but are otherwise susceptible to “heavy-handed” use, according to the inspector-general of taxation.