Tag: Tax

Australian small business owners feel overwhelmed by financial reporting obligations, according to a new study by American Express out today.

The end of the financial year is just a couple of weeks away and business owners are busy. This time of year presents a great opportunity for business owners to look forward – so with this in mind I thought it would be a good time to go over a couple of points that might help you.

The Federal Government & the Australian Taxation Office (ATO) continued to alienate themselves from the business sector last week with the Tax Office releasing its final ruling on discretionary trusts distributing surplus income to corporate beneficiaries.

Yes, it’s that time again. 30 June is racing up on us and business owners are flat chat. Here are three key tips to help you make the end of the financial year easier (or less taxing).

New research has shown that small businesses are being bogged down by financial reporting and bookwork, with too much time spent on documenting the business strangling growth.

The big news in 2009 was the federal government’s Investment Allowance, so if yours was one of the larger companies which took advantage of the 30% investment allowance, the end of tax year is your final deadline.

ATO changes to family trusts will see Australian businesses subject to cost and time burdens in order to comply with two landmark rulings yesterday from the ATO effective July 1 2010.

Queensland’s population growth needs to be managed, possibly via tax increases, a report for the Local Government Association of Queensland concludes.

There is a deep sense of concern within the Australian business community that the long awaited revamp of the Federal Government’s R&D Tax Concession is actually little more than a thinly disguised mechanism for reigning in the Government’s estimated annual $1.4 billion spend on the program.

Kristina Keneally will defend jobs in regional NSW threatened by the Kevin Rudd’s proposed Resource Super Profits Tax (RSPT) the Premier claimed yesterday.