Government plans to push for $1 billion small business tax break ahead of June 30 deadline
Should the bill not pass before June 30 this year, small businesses which upgraded their technology in 2022-2023 on the expectation of a generous tax break will go into the new financial year without legislation underpinning their 'bonus' deductions.
ATO looks to bridge $33 billion tax gap by collecting unpaid debts from small business
The federal government is putting tax dodgers on notice over billions in unpaid taxes.
Dutton goes nuclear: Six key takeaways from the budget reply for businesses
Peter Dutton has handed down his budget, slamming Labor over its push towards renewables and its tabled industrial relations bill.
John Durie: With the economy slowing and SMEs struggling, it’s decision time for Jim Chalmers
Chalmers has raised the hurdle for his budget next year because if Tuesday’s effort was designed to get the conversation started, that is when decisions will come.
Budget 2022: ATO resources beefed up to tackle shadow economy and tax avoidance
The ATO will see funding for its Tax Avoidance Taskforce increased by approximately $200 million per year over four years, effective July 1, 2022.
Budget 2022: Depreciation of intangible assets scrapped to save $550 million
The federal government has decided not to proceed with a previous Coalition policy that would have allowed business operators to self-assess intangible depreciating assets, such as patents, registered designs, copyrights and in-house software.
Budget 2022: Australia’s first federal tax cuts for electric vehicles revealed
Labor’s 2022 budget finally delivered Australia’s first federal electric vehicles incentive in the form of tax cuts for some EVs.
Budget 2022: Is there room for small businesses in Jim Chalmers’ vision for a “better future”?
When Treasurer Jim Chalmers hands down the Albanese government’s first budget tonight, he will mention the words “small business” only once.
Budget 2022: Government commits $15 million to SME mental health support and debt counselling as economic pressures mount
The federal government will commit nearly $15 million in funding to mental health support and debt counselling for small business owners in the upcoming federal budget.
Budget 2022: COSBOA calls for $23 million SME cyber investment, softens multi-employer bargaining language
COSBOA is pushing for new government spending on SME skills training and resilience measures while softening its language on multi-employer bargaining.
John Durie: New directors vie for COSBOA board positions as council looks to put union deal concern behind them
Australian Meat Industry Council’s Patrick Hutchinson and Independent Food Distributors Association’s Richard Forbes are among those standing for election on October 27.
The government must implement the tech and skills boosts ASAP to unlock productivity growth for SMEs
If productivity is Australia's goal, making sure every business is a digital business needs to be a major priority, writes MYOB's Helen Lea.