Tag: Australian Carbon Tax

As businesses grow and evolve, it’s often necessary to restructure their legal structure.

The Federal Government is urging businesses to be wary of a rising number of carbon price scams, as the 1 July launch date for the emissions tax draws closer.

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).

Accountants are expressing concern that the financial performance of their small business clients are being put in danger by the carbon tax, with many convinced SMBs won’t be adequately compensated by the Government when the tax is implemented.

Australia will soon have its first carbon neutral business precinct, with the Grote Business Precinct working alongside the Energy Efficient Building Australia to become carbon neutral by 2020.

More clarity is needed around the Government’s carbon price policy, according to the Institute of Public Accountants (IPA), especially around the impact it will have on the 2 million Australian SMEs.

The Gillard Government has promised its Clean Energy Future program will support Australian jobs by assisting businesses to survive and prosper in a low carbon economy.

Julian Smith asks MYOB CEO Tim Reed what impact he expects the carbon tax will have on SMEs.

“This new policy is also one of the first to be implemented in Australia without imposing any extra paperwork on small business owners…”