“Red tape and grief”: Fears new ATO digital system will place fresh burdens on tax agents and clients
The ATO is trialling a new digital process linking clients to tax agents, but some accounting groups are concerned the six-step process could place a significant administrative burden on small businesses.
‘No downside’: Game-changing EV salary sacrifice policy sees Tasmanian firm cash in on FBT exemptions
Bentleys Tasmania director Robin Allardice says the idea of salary sacrificing for an EV came to him as soon as the environmentally-driven tax legislation became law at the beginning of the financial year.
Calls to dump Stage 3 tax cuts as report shows Australian billionaires 61% wealthier since 2020
With a backdrop of rising inflation and falling wages, the government is facing renewed pressure to rethink its support for Morrison-era tax cuts.
Why most states in Australia aren’t removing stamp duty
Nearly all economists and most politicians seem to agree stamp duty is a bad tax. But nearly all state and territory governments rely on it to keep the lights on.
Inflation is back at record highs. Here’s where prices are rising, and where some are dropping
Even as the full effects of 2022's rate rises are yet to be felt, it looks like we're heading towards even more in 2023.
The ATO has updated its guidance on business valuations. Here’s what you need to know to avoid tax penalties
Whether you’re preparing for succession, planning a restructure, or thinking about selling, the ATO will have questions about the value of your business.
Despite Brambles’ market domination, the pallet industry is ripe for disruption. Here’s why
Startup founders should be looking at the pallet industry instead of building the next 15-minute food delivery app.
Swyftx quietly announced the closure of its Earn product while everyone was on Christmas break
Australian cryptocurrency exchange, Swyftx, is closing its high-interest Earn product. It notified customers during the Christmas long weekend after ASIC began legal proceedings against similar products in the market.
Why house prices are continuing to fall as inflation rises in Australia
In recent years, housing became more expensive at a faster rate than essentially everything else. Is there more room for prices to drop?
“White knight” Kogan scoops up collapsed furniture retailer Brosa for $1.5 million
Australian e-commerce powerhouse Kogan has stepped in to purchase collapsed furniture retailer Brosa for the bargain basement price of $1.5 million, a week after the firm called in the administrators.
Superhero founders to buy company back from Swyftx as crypto volatility, regulatory changes sink $1.5 billion merger
Share trading platform Superhero's planned $1.5 billion merger with Australian cryptocurrency exchange Swyftx has been scrapped.
Research shows 30% of people often in financial difficulties use BNPL
BNPL’s popularity as a credit product is only surpassed by credit cards, used by 31% of young Australians in the past year.
