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 2017, Australia’s R&D expenditure sat at 1.787 per cent of GDP, far below the then OECD average of 2.342 per cent of GDP. Changes in RDTIs will potentially drive this rate […]
New research indicates that the Government might face a wave of ‘tax debtors’ within the Australian business community when the stimulus and wage subsidies end in September. This is because, even before the nationwide shutdown – when the economy was fairly healthy – 25 per cent of businesses could not find the cash to pay […]
The end of financial year (EOFY) is a time that many small and medium businesses (SMBs) dread. In addition to the complexities of JobKeeper, knowing every financial obligation and entitlement can become overwhelming, particularly if businesses are not overly confident in their books. Lost receipts, expense mistakes and inadequate record-keeping result in a stressful, potentially […]
Founded five years ago by Ainsley Johnstone and Natalie Firth, Think Talent is a modern executive recruitment agency that connects Australian and international organisations with top talent across Technology, Marketing & Digital and People & Communications markets. Growing from a team of two to 12, their success in part is due to enterprise clients wanting […]
With only three months remaining for this financial year, small businesses might be wondering how the recent stimulus changes may affect their end of year tax. The government has introduced a range of measures to support businesses and employees through the crisis in response to coronavirus, to help small businesses that may have had to […]
In the wake of the recent bushfires, a number of measures have been announced by government to help fire-affected small businesses, their owners and their employees to recover and rebuild – including tax exemptions and grants. Crucially, whilst many of the grants and payments on offer would normally be regarded as taxable income (meaning that […]
Rideshare Tax, the first Australian fintech startup that specialises in tax management for the rideshare community, has recently launched its service and has already obtained the support from the dominant rideshare player, Uber. Founded by two qualified accountants, Selda Kaplan and Michael Kambouridis, Rideshare Tax addresses the need for tax management from Australian rideshare drivers […]
Today we have Single Touch Payroll expert, Jason Lucchese, on the podcast. Jason is a seasoned public servant with more than 19 years of experience executing large-scale government programs including the introduction of SuperStream and Single Touch Payroll. Currently ATO Assistant Commissioner and Single Touch Payroll Program Lead, Jason works closely with the employers, payroll […]
Small business is the engine room of the Australian economy and with the numbers of small businesses growing rapidly, allied to the explosion in the ‘gig’ or ‘sharing’ economy, there are thousands of Aussies confronting the challenge of getting a business off the ground for the first time. So, if you’re a budding entrepreneur, what […]
You may not personally want to be involved in modern politics but if you want to run a business you have to be aware how the laws of the land can affect your bottom line. Tax laws, business treaties, tariffs, and commerce in general is impacted by politics. Sometimes having a degree in political management […]
