Federal budget 2013: $350 million pledged for fresh Innovation Investment Fund

5:54PM | Tuesday, 14 May 2013 | Oliver Milman

Innovation funding has been largely spared from the government’s $43 billion drive for fiscal cut-backs, with a new $350 million round for the Innovation Investment Fund and fresh cash to publicise Australian start-up success stories.

Federal budget 2013: Some pain and little gain for start-ups

5:54PM | Tuesday, 14 May 2013 | Oliver Milman

Treasurer Wayne Swan has delivered a federal budget which has slashed several support programs for start-ups in an attempt to plug Australia’s $18 billion deficit in the upcoming financial year.

Federal budget 2013: Key budget savings and spending

5:54PM | Tuesday, 14 May 2013 | Bernard Keane

Except as in previous budgets, a huge chunk of Wayne Swan’s savings are actually tax rises or the closure of tax loopholes. He’s also targeted some relatively painless areas – big companies, public servants – for squeezing.

2013 federal budget: Five things start-ups should watch out for

5:16AM | Tuesday, 14 May 2013 | Oliver Milman

The 2013 federal budget, set to be unveiled tonight, will most likely be Treasurer Wayne Swan’s last. With the government in a tight predicament, here are five potential nasty surprises entrepreneurs could face.

Start-ups in the dark over $6500 instant asset write-off

5:47PM | Monday, 13 May 2013 | Michelle Hammond

Start-ups are the least likely to know about the federal government’s $6500 instant asset write-off, according to a new MYOB report, which shows almost 40% aren’t aware of the tax perk.

Five top tips to prepare for tax time

5:01PM | Thursday, 9 May 2013 | Greg Hayes

The end of the financial year is near. If you don’t want to risk leaving your tax obligations to the last minute, here are five areas you need to start looking into.

Fewer businesses trading at a loss: ATO

5:49PM | Tuesday, 7 May 2013 | Patrick Stafford

The number of companies operating in Australia at a loss has decreased, according to the latest figures from the Australian Taxation Office.

Business tax concessions in firing line for federal budget

5:43PM | Friday, 3 May 2013 | Yolanda Redrup

The federal government will crack down on business concessions in the upcoming budget, with new reports saying thin capitalisation rules and resource companies will be targeted.

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.

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.

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.

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.

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.

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.

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.

Start-ups urged to “sit out” of R&D program amid red tape concerns

1:05PM | Monday, 21 January 2013 | Michelle Hammond

The government’s R&D Tax Incentive has attracted claims of excessive red tape, with one tax expert suggesting start-ups “sit out” until the recordkeeping requirements are made much clearer.