Tag: Tax
Accountants welcome business tax changes in the 2020-21 Budget
The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts.
Will we see more Australian businesses transact with cryptocurrency?
Cryptocurrencies have had a rocky road towards mainstream acceptance.
In 2017, the CEO of JP Morgan, Jamie Dimon,...
Guidance needed on JobKeeper subsidised R&D and transfer pricing rules
Early this week, the Tax Institute of Australia (TIA) called for guidance material on the JobKeeper scheme in relation to the R&D...
Keeping on top of your taxes: Interview with Kirsten Fish, ATO Deputy Commissioner Small Business
Amidst the constantly changing news cycle and rule amendments, it can be hard for SMEs to keep track of their tax obligations. ...
R&D tax incentive inquiry delayed a third time
Businesses have been plunged into further uncertainty as the Senate inquiry into R&D tax incentive ('RDTI') reforms is delayed a third time this year.
What...
$1.8 billion reduction in R&D tax incentives is a major setback for Australian businesses
Proposed changes to R&D tax incentives (RDTIs) could reduce future R&D expenditure, undermining innovation and the development of new industries in the long-term. In...
ATO ‘debtor crisis’ expected in September
New research indicates that the Government might face a wave of ‘tax debtors’ within the Australian business community when the stimulus and wage subsidies...
Key factors in achieving a compliant, efficient month-end and EOFY
The end of financial year (EOFY) is a time that many small and medium businesses (SMBs) dread. In addition to the complexities of JobKeeper,...
How STP has made tackling the COVID-19 storm easier for Think Talent
Founded five years ago by Ainsley Johnstone and Natalie Firth, Think Talent is a modern executive recruitment agency that connects Australian and international organisations...
Coronavirus and End of Financial Year tax returns: What is affected?
With only three months remaining for this financial year, small businesses might be wondering how the recent stimulus changes may affect their end of...