Posts tagged "tax policy"

Nearly all economists and most politicians seem to agree stamp duty is a bad tax. But nearly all state and territory governments rely on it to keep the lights on.

The ATO's defective administration processes will be updated and improved under a government plan to make small business compo fairer.

Some of Australia’s largest private companies will be given more time to notify the tax office of tax problems, but small business groups say the government must continue its efforts to improve tax transparency.

The government will extend its instant asset write-off but has not announced any plans to improve the awareness or accessibility of the program.

Another extension of the instant asset write-off scheme is on the cards ahead of MYEFO, small business Minister Michaelia Cash says.

While the government's instant asset write-off scheme forms a key part of its small business policy, a large number of firms aren't using it.

Less than a day after fast-tracking $29.8 billion in SME tax cuts, Scott Morrison has opted to back small businses in a spat with large firms over energy.

In what's sure to be good news for Australian business owners, the popular $20,000 instant asset write-off tax scheme has been extended for 12 months.

The government is seeking to bring its small business tax cuts into effect four years earlier than originally planned, costing $3.6 billion.

By Mark Morris

Fresh tax incentives that either cut red tape or improve cash flow for small businesses are sorely lacking when it comes …