The Commonwealth Bank has urged small to medium sized businesses to better prepare for the end of the financial year and begin their tax preparations. Figures released by the bank suggest that nearly one third of SMEs (29 per cent) have not even started the groundwork to fulfill their tax obligations. The research suggests that […]
With the end of financial year just around the corner, it’s a great time to consider the results for this year and what you want to achieve next year.
Businesses including startups need not waste their time waiting for tax changes to employee share plans given there are alternatives, which can be implemented now.
With one month to go until the end of financial year, around one third of SMEs are making inroads into their financial reporting obligations – the majority will leave it to the last minute.
As the end of financial year approaches, the Australian Taxation Office (ATO) is expected to data-match over 640 million transactions to tax returns this year.
With the $484.2 million Entrepreneurs’ Infrastructure Program giving small business up to $20,000 in loans, a cut in company tax for those earning below $5 million taxable income and other measures, there’s a lot to smile about.
The end of the financial year is fast approaching and small businesses need to get their tax affairs in order.
Small business has emerged as a relative winner from Joe Hockey’s tough first budget containing long-term structural reforms including painful savings in the areas health, welfare and education.
While the government is rightly attempting to put our fiscal position on a sustainable footing its sense of urgency seems to be at the expense of long-term, broader reform to the tax system.
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.
