Tax
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Liquor store in hot water after carbon tax price hike
10:25PM | Wednesday, 26 October 2011 | Michelle HammondThe 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 second easiest place in world to start-up: Report
10:26PM | Friday, 21 October 2011 | Oliver MilmanAustralia 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.
Make sure you’re asking your accountant the right tax questions
10:25PM | Monday, 17 October 2011 | TaskmasterFailure 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 administration
10:47PM | Friday, 14 October 2011 | Angela PriestleyIt 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.
Abbott vows to repeal carbon tax
10:25PM | Wednesday, 12 October 2011 | Michelle HammondOpposition 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.
Start some early carbon tax planning
10:06PM | Wednesday, 12 October 2011 | TaskmasterWhile 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.
Tax forum sets reform ideas in motion
10:54PM | Thursday, 6 October 2011 | Michelle HammondThe 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.
Shorten flags appointment of inaugural chair of independent tax advisory board
10:12AM | Thursday, 6 October 2011 | Oliver MilmanAssistant Treasurer Bill Shorten has said that the tax system needs to be better at listening.
Make sure you’re making the most of tax benefits
10:49PM | Tuesday, 4 October 2011 | TaskmasterThe 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.
Tax Forum: State governments push for payroll tax harmonisation as SMEs fight red tape
10:41PM | Tuesday, 4 October 2011 | Madeleine HeffernanState 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.
Tax forum proposals highlight small business struggles
10:45PM | Monday, 3 October 2011 | Michelle HammondBusiness 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.
COSBOA to focus on super and paid parental leave at tax forum
9:08PM | Friday, 30 September 2011 | Oliver MilmanThe 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.
Carbon tax, global economy making SMEs jittery: Report
9:01PM | Wednesday, 28 September 2011 | Oliver MilmanSmall 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.
Doubts raised over government tax break plan
9:26PM | Tuesday, 27 September 2011 | Oliver MilmanThe 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 call for SME tax break but nothing for sole traders
9:23PM | Monday, 19 September 2011 | Madeleine HeffernanGreens 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%.
Treasury unveils carbon tax impact for businesses
9:29PM | Monday, 19 September 2011 | Patrick StaffordThe 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 most tax-effective state for SMEs: Report
9:57PM | Friday, 9 September 2011 | Madeleine HeffernanQueensland remains the most attractive state for SMEs when it comes to state taxes, a study by Pitcher Partners has found.
eBay warns consumers may be hit with extra charges if GST-free import threshold lowered
9:22PM | Tuesday, 6 September 2011 | Patrick StaffordOnline 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.
Federal Court GST ruling set to impact services sector
9:52PM | Friday, 2 September 2011 | Myrian RobinQantas 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.
R&D Tax Credit tipped to boost small businesses
8:20PM | Wednesday, 24 August 2011 | Michelle HammondLabor’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.
