Tag: Tax

The Abbott Government has unveiled the 2015-16 Budget, unveiling a $5.5 billion package driven by tax breaks aiming to support the nation’s 2 million-plus small businesses.

Australia’s small businesses are said to be receiving a tax cut in tonight’s budget, part of a portfolio that Small Business Minister Bruce Billson described as “delicious” and “delightful”.

After going over endless details of starting your own business, you’re finally ready to make your dreams a reality, but you don’t want to go at it alone. Like any other form of business, a partnership business has many pros and cons.

If you think that bookkeeping and accounting fees are high, consider this horror story, which could be the one tale that gets business owners thinking about their own business.

A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.

The ATO has today announced the extension of information sharing powers for Phoenix and Trust Taskforces, aiming to tackle Australia’s phoenix businesses and misused trust structures.

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

Tax cuts, higher household incomes and a boost to Australia’s economy will all be the result of a reform to the GST, according to a new report released by CPA Australia.

According to the Inspector-General of Taxation (IGT) Ali Norooz, there are a number of changes the government could make to the landscape of taxation…

The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.