Small business owners are at risk of having to pay thousands of dollars in retrospective taxes as a result of the ATO’s recent draft ruling regarding trust income and gains that are allocated to, but not paid to, private company beneficiaries of the trust.
According to a study conducted at Australian National University (ANU) children of older mothers perform best at school and develop advanced social skills.
Shadow treasurer Joe Hockey has defended Tony Abbott’s paid parental leave plan, arguing the 1.7 percent levy on businesses would be a “huge windfall for big business”. Joe Hockey was forced to enter the debate after continued attacks by free market think tanks and unions alike. As well as attacks coming from within his own […]
Tony Abbott’s proposed plan to introduce a national paid parental leave scheme has received support from the nation’s peak small business body today. Jaye Radisich, CEO of the Council of Small Business of Australia (COSBOA) said that Tony Abbott’s scheme would mean that women in the workforce would receive leave at their existing salary level […]
The National Broadband Network rollout by NBN Co has sparked warnings about shortages of skilled IT professionals required to complete the project. The Australian reports that NBN Co plans to triple its headcount from 100 to 300 employees by the ‘middle of the year’. NBN Co is looking to hire high level executives and IT […]
Tony Abbott has been forced to defend himself after proposing a new tax on big business to pay for a 26-week parental leave scheme. Heather Ridout from the Australian Industry Group says the new tax would increase unemployment as businesses struggle to pay the levy. “It fails muster in terms of a paid parental leave […]
At an International Womens Day function, opposition Leader Tony Abbott has announced he will introduce a six-month paid parental leave scheme if he wins the next federal election. Mr Abbott said the scheme, unlike the current Government’s plan would give parents a full six months paid parental leave, verses only 18 weeks paid leave at […]
Prime Minister Kevin Rudd has reacted to the defacing of two Facebook tribute pages by considering the introduction of an Internet Ombudsman in Australia. “We just see the colliding of the two worlds here, abuse and graphic material online, and businesses legitimately concerned about using the Internet properly,” Rudd said. “We need to do everything […]
Australia’s largest privately-owned debt collection agency Prushka has rejected claims by the Council of Small Business that proposed changes to bankruptcy legislation will produce better outcomes for SME’s. CEO of Prushka, Roger Mendelson said the Government’s proposal to change the current bankruptcy threshold from $2,000 to $10,000 shows an obvious lack of understanding of small […]
In a statement from the Shadow Minister for Small Business, Bruce Billson has chastised the Federal Government for not providing assistance to small businesses affected by the freeze on the home insulation program headed by Peter Garrett. Support for the army of insulation installers who have lost their jobs is an important initial step, but […]
