What is the second stage of single touch payroll, and is your SME ready?
The journey to single touch payroll phase two has been full of delays, but the deadline for switching it on is looming.
Labor claims Coalition left Australia’s business registry project $1 billion over budget
An unexpected billion-dollar increase to the cost of modernising Australia's business registry system will heap pressure on the new Labor government, Assistant Treasurer Stephen Jones says, foreshadowing tough budget cuts in the months to come.
As Parliament resumes, $1.55 billion in SME tech and training offsets remain in legislative limbo
Prime Minister Anthony Albanese has outlined his legislative agenda as Parliament resumes, without mentioning a massive tax offset scheme.
Cash-in-hand leniency is well and truly over, ATO says, after receiving 43,000 ‘shadow economy’ tip-offs
The ATO has unveiled new data on its 'shadow economy' enforcement activities, as it cracks down on unregulated transactions estimated to keep $11 billion from the taxpayer each year.
Australian businesses now delaying invoice payments by a week longer than six months ago, report says
Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.
How SMEs can embrace good habits this new financial year
The new financial year is a perfect opportunity to get into good habits so you can set your business up to flourish.
What is an ‘employee’? ATO aims to review superannuation guidance after landmark court ruling
The ATO is reassessing six guidelines on superannuation and employment after a High Court ruling found a worker contracted by a labour hire firm actually qualified as an employee.
Business name fees and tax deduction rate for car expenses changing on July 1
Australians seeking to register a name for a company or business, or renew the name of their business, will face slightly higher fees from July 1.
ATO warns taxpayers about shady WFH claims, wash sales and more as Aussies try to combat higher living costs
The Australian Taxation Office has warned taxpayers about making false claims to combat the rising cost of living, or engaging in 'wash sales'.
EOFY changes: How they will impact your business
With a new financial year on the horizon, there’s a number of changes that business owners will need to be aware of in order to stay compliant. From superannuation contributions to a rising minimum wage, here’s what you need to know for the 2022–23 financial year.
It’s tax time and scams are everywhere. Here’s what to look out for
This year, scammers have already made headway on their tax-related harvest. The ATO has reported a rise in phishing attempts related to cryptocurrency tax evasion and offers of TFNs.
Six EOFY tax considerations to keep front of mind as June 30 approaches
Business owners place a high priority on optimising cashflow — often with less consideration and effort given to minimising and managing their tax liability.
