ATO single touch payroll wizard resigns less than three months from hard reporting deadline Single Touch Payroll Matthew Elmas 14 June 2019 The ATO has lost its single touch payroll program lead just months from the reporting deadline for hundreds of thousands of small businesses.
“Lean ships”: Cash-strapped small businesses plan to snub $30,000 instant asset write-off Tax Matthew Elmas 11 June 2019 While the government increased the instant asset write-off threshold to $30,000 earlier this year, businesses are looking for smaller purchases.
“Long way to go”: ATO ramps up single touch payroll campaign as soft deadline looms Tax Matthew Elmas 3 June 2019 With the election in the rearview mirror, the ATO is ramping up its single touch payroll campaign ahead of the EOFY soft reporting deadline.
“Alarming”: 70% of micro-businesses haven’t heard of single touch payroll as deadline looms Single Touch Payroll Matthew Elmas 16 April 2019 New survey data has sparked new concern about the implementation of single touch payroll reporting for micro-businesses as a soft deadline approaches.
New guidance for R&D tax incentives revealed: Here’s what it all means Analysis Remco Marcelis 25 February 2019 After much consultation, AusIndustry yesterday released its long-awaited guidance on R&D tax for software development. So let's break it down.
ATO negotiates with big banks on single touch payroll solution as more than 300,000 SMEs lag behind Single Touch Payroll Matthew Elmas 14 February 2019 The ATO is negotiating with the major banks on a possible STP solution within online banking as it faces over 300,000 firms with no digital payroll.
Government to extend instant asset write-off, rebuffing calls to make it permanent Politics Matthew Elmas 29 January 2019 The government will extend its instant asset write-off but has not announced any plans to improve the awareness or accessibility of the program.
Uncertain about R&D in Australia? Here’s all your questions answered Startup Advice Remco Marcelis 23 January 2019 The R&D tax incentive is the single biggest government program supporting startups in Australia. But is this major startup funding source at risk?
ATO involvement in government tax clinic trial raises questions about its integrity Tax Matthew Elmas 22 January 2019 It has emerged the ATO will be responsible for administering a tax clinic trial which will help businesses with ATO disputes.
Tax agents to spend “50% less time” on the phone to the ATO with new online portal Tax Matthew Elmas 21 January 2019 Tax agents are eagerly awaiting the rollout of a new online portal for ATO services which they say will allow them to deliver a better service.
Five tax tips for businesses looking to get ahead of the curve in 2019 Tax Matthew Elmas 14 January 2019 The end of the financial year is only six months away and now is the time to start thinking about what tax time might look like for your business.
Billion-dollar but tax-free: Are SMEs paying more tax than Australia’s biggest businesses? Tax Matthew Elmas 14 December 2018 The ATO has released some numbers on the amount of company tax Australia's largest companies paid in 2016-17, sparking a conversation about how SMEs fare.
