#Income Tax
ATO struggle to handle tax return demands
The Australian Taxation Office is being inundated by phone calls from taxpayers asking how much relief they can expect after the federal parliament passed personal income tax cuts laws tis week. But public sector union CPSU says the situation is not being helped by more than 6,500 jobs having been cut from the ATO in […]
PM sees tax cut as triumph for boosting economy
The passing of $158 billion worth of personal income tax cuts will provide a much-needed short-term boost to economic growth but economists and business groups are already urging the Morrison government to do more. Prime Minister Scott Morrison hailed his government’s first major victory since the federal election as a win for all Australians. “This […]
Have your say on tax reform
Australian businesses are invited to have their say on the current tax system and its impact on their operations.
Five small business tax deductions
The end of the financial year is fast approaching and small businesses need to get their tax affairs in order.
Crisis what crisis? The Commission of Audit & the Federal Budget 2014
It’s been a super month for Government economic statements, in Australia with the long awaited “commission of audit’ report being released just ahead of the usual Federal Budget unveiling.
Budget 2014: SMEs hope for lower taxes, but pessimism high
Small and medium sized businesses do not want to see an increase in the goods and services tax in next week’s Federal Budget and many are pessimistic about whether the Abbott Government will deliver on its promises for the sector.
Debt levy to hurt small business
The majority of small business owners face a vicious “double whammy” revenue hit if Tony Abbott proceeds with a mooted debt levy on income tax to repair the budget.
3 important tax concessions for SMBs
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.
Standard tax deduction in budget ‘rips off Australians’
The $500 standard tax deduction announced in the Federal Budget tonight is a fraction of the average currently claimed by taxpayers.