Tag: Tax

There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements…

As a small business owner, you need to be clear what this means, where you can save money and what new legislation you are able to take advantage of. Here’s what you should note…

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.