Tax

Own or operate a building or construction business that pays contractors? Under new taxation legislation you’re required to submit a Taxable Payments Annual Report to the ATO in late July.

Small businesses are the lifeblood of our economy, employing almost half of our nation’s total workforce. They deserve assistance in the battle to compete with large competitors and ecommerce stores.

Need a quick breakdown on how the Federal Government’s mid-year economic outlook will affect your business? Read on.

When a company struggles, there are plenty of creditors knocking at the door. However new ATO legislation extends the personal liability of directors for unpaid super and PAYG for their staff, making them a priority in who gets paid first.

The carbon tax will be introduced in July this year, bringing higher running costs to businesses. Here’s three easy ways you can future proof your business’ bottom line against the looming tax.

March is upon us again, and this means just one thing – tax season is near! Here’s what you should be doing now to prepare your business for the end of the financial year.

Every small business owner needs a good advisor and many need help to stay on top of record keeping, which is where a good accountant can lend a hand.

Now’s the time for SMBs to reflect on the year gone and plan for the one ahead, and accounting expert John Corias suggests owners focus on five key areas when making plans for the next 12 months.

The cost of getting the classification of contractors wrong is high and anyone with contractors on their books needs to make sure that they’ve been correctly classified for tax, superannuation and fair work purposes.

Is your fleet carbon tax ready? Ian Daniel proposes a few investments to make sure you’re on the right side of the Clean Energy Act.

“For fleet businesses the time has come to start looking at ways to reduce emissions, thereby reducing tax liability and remaining competitive in the marketplace.”

Successful entrepreneurs and business owners know their numbers and rely on their accountant to provide specialist help and leadership in this area.

As the festive season rolls around, small business operators once again turn their attention to the organisation and planning of end-of-year celebrations and gift giving. But don’t fall foul of the tax office—find out what your obligations are for this festive season.

MYOB has officially launched its $75 million next generation accounting solutions, as part of a new vision for the company’s business management systems.

Sid Edwards delivers a real-life case study of how business owners are benefiting from self-managed super funds.

With Christmas approaching fast, Brad Callaughan looks at the Fringe Benefit Taxes payable on gifts to employees, suppliers and clients.

“Fringe Benefits Tax is a tricky subject, and if not understood and addressed before you spend that money it could leave you a large hole in your pocket from the FBT payable.”

As demand grows for small business owners to learn more about Self Managed Super Funds, Dynamic Business has discovered an informative seminar that’s being re-run in two additional locations to benefit a wider range of Sydney-based readers.

The Gillard Government’s carbon tax legislation has passed through Parliament, making it certain a tax of $23 per tonne of carbon on the country’s 500 worst polluters will begin in 2012, and businesses aren’t happy.

Local food and grocery manufacturers will see their operating profits slide by an average 4.4 percent in 2012-13 as a result of the carbon tax, according to the Australian Food and Grocery Council (AFGC).

SMEs continue to see insolvency as their biggest concern, with experts calling on the Government to implement tax breaks for small businesses at today’s Tax Forum.

After replacing the Research and Development Tax Concession in July, the Research and Development Tax incentive officially became law early this month.