Posts tagged "small business tax"

Australian leaders should consider reforming the tax landscape to kickstart productivity, Australian Industry Group chief executive Innes Willox says, highlighting a cash flow tax measure economists claim would benefit small businesses in particular.

As we approach the end of another financial year, it's crucial that business owners plan strategically in order to navigate the uncertain terrain ahead.

The shift to burden businesses with additional payroll taxes represents a double blow for companies already struggling with higher wages, additional costs, and inflation. 

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.

Small businesses should be going back to basics and understanding a few tax measures that are ending and working out the best course of action for their business.

The Albanese government's pre-budget announcement of $20,000 for SMEs may not be everything it's cracked up to be, critics say.

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.

Small businesses are being warned to pay attention to their tax obligations and if in trouble, to speak up early to set repayment plans with the ATO.

The ATO has today released its 2022-23 corporate plan to highlight its key focus areas and priorities over the next financial year. 

Here are how certain government grants will factor in your business tax return, including COVID-19 and natural disaster support payments.

Prime Minister Scott Morrison has pledged no new taxes for small businesses ahead of the May election in a press release laden with eyebrow-raising claims.

Noted economist Saul Eslake's recent paper tries to "hide a disdain of small business behind an unemotional façade of statistics and unproven assumptions", writes Peter Strong.