Advocates for Australian-made products have slammed the nation’s treasurers for political cowardice after they deferred a decision on reducing the $1,000 GST low value exemption for overseas online purchases.
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.
With the end of financial year on the horizon, small to medium business owners should start preparing now to avoid the headache that it can cause. Tax time can be a pain, particularly when it comes to the lingering burden of calculating Goods and Services Tax (GST).
To optimise cashflow management for small business, it is imperative that Goods and Services Tax (GST) registration suits the business operations. This step-by-step guide will help you understand how to take GST reporting from cash to accruals basis.
The recent news that the Federal Government is pushing the National Tax Summit to October and will not be covering key tax issues such as GST, the proposed carbon tax and the mining tax is worrying.
Online ‘presale’ shopping is expected to double in 2011, with presale shopping portal Lasoo.com.au recording a record 5.6 million product interactions in December last year, with the exponential growth of online pre-shopping expected to continue in 2011.
The reaction from Australia’s large retailers to competition from international websites should be a wake-up call for businesses to keep up with their customers online, says computer software program company Axios IT.
Despite Gerry Harvey’s war on GST free goods imported from overseas, an Australian startup Shopster.com.au has entered the market with hopes that good service and price will overcome the added cost of paying GST in Australia.
Gerry Harvey’s calls for a GST on imported goods bought online has caught the attention of Australian IT retailer eStore, with eStore.com.au offering customers GST-free goods this weekend, 15 and 16 January 2011.
Harvey Norman plans to launch a China-based retail website to circumvent the Government’s GST legislation have been called a hoax, after Harvey Norman chairman Gerry Harvey announced the plan yesterday.
