Posts tagged "payg"

The Australian Taxation Office said its call centres were unable to keep up with demand on Friday, as taxpayers and business owners alike flooded the system with last-minute end of financial year queries.

The 2023-2024 federal budget halves a scheduled 12% tax instalment increase to 6%, a move the federal government says will improve small business cashflow.

SmartCompany was fortunate to discuss those policies with Small Business Minister Julie Collins in her first SME-focused interview since budget night.

Small businesses which fall behind on their tax lodgements can expect their financial penalties to increase dramatically from January 1, 2023, with more rises to follow.

Business insolvency rates are returning to their pre-COVID norms, according to new ASIC data, suggesting leniency offered by the tax office and regulators earlier in the pandemic has come to an end.

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.

Millions of small businesses could benefit from a major overhaul to the way Pay-As-You-Go tax instalments are calculated, as part of an $800 million small business and sole trader package to be included in next week's federal budget.

To take the heat off EOFY, we’ve crafted a short guide that will help you get your tasks done faster. Time to get your ducks in a row and tick tax time off now, so you can get back to growing your business.

Cashflow boost support is available to businesses after lodging their June activity statements, following initial credits earlier this year.

The end of financial Year is approaching and there's plenty of changes to understand in 2020. Here are key EOFY tips for SMEs and sole traders to help you stay on top of your affairs.

The federal government will suspend the indexation of tax instalments for more than 2.2 million taxpayers will be suspended in the 2020-21 financial year.

So much has changed for small businesses so quickly due to the COVID-19 pandemic. While many small businesses have successfully enrolled in …