The Tax Institute’s Julie Abdalla commends political bravery in tackling big ticket tax issues but warns announced measures are complex and may trigger unintended behavioural changes.
The Digital Economy Strategy will see a further $800 million added to measures put forth in the 2020 Budget, aiming to make Australia one of the world’s leading digital economies.
The accounting app Xero share their Small Business Insights with us to shed light on what small businesses should be aware of, which is now made especially relevant with the federal budget announcement later today. The anonymous and aggregated data is collected monthly from hundreds of thousands of Xero’s Australian subscribers through the Xero platform. […]
Australia has long been regarded as a country which has been able to attract top international talent to encourage business growth and diversification which has been made possible through the Temporary Work Skilled (subclass 457) visa. But the abolition of the 457 scheme and introduction of a replacement program from March next year has received […]
Businesses that employ foreign workers will be subject to a new levy that will be used bankroll a fund for training Australian job seekers, the Government announced in the Federal Budget. From March 2018, businesses will be subject to a levy of $1200 per foreign worker or $1800 if they’re on a temporary skilled visa. In […]
Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer […]
In case you missed it, here is some great news for anyone feeling discouraged about Australia’s small business sector: the head count is in and it is on the rise. In further (unsurprising) news, the sector continues to carry the local economy.
Latest Bibby Barometer survey found that small businesses are pessimistic about the outcomes of next month’s Federal Budget, with many hoping, but not expecting, reduced taxation and a cut in red tape.
The career choices of international professionals working in Australia may be affected by the Government’s decision to abolish the Living Away From Home Allowance (LAFHA).
The Government has listened to long-held concerns of tax professionals and reformed excess superannuation contribution tax traps that have tripped-up as many as 30,000 taxpayers each year, The Tax Institute said today.
Amongst the Budget announcements last night was the unveiling of the most significant changes to GST since its introduction by former PM John Howard in 2000.