| Date | Title | Description |
| 22.10.2024 | How Elisha Kissick’s Yura Tours is bringing tourism and storytelling to North Stradbroke Island | Elisha Kissick of Yura Tours. Source: Supplied. article-article-body
Yura Tours is drawing visitors from across the world to Minjerribah (North Stradbroke Island).
Every day, Elisha Kissick shows her guests parts of Australia they’ve never ... |
| 21.10.2024 | 3G shutdown: Less than one week left for small businesses to upgrade phones and devices | Source: Unsplash/Poster Pos. article-article-body
Australian small businesses have less than a week to retire their 3G devices before the network shuts down, or risk losing connection to vital workplace technology.
How this Australian-made ... |
| 17.10.2024 | Victorian woman jailed over $600,000 in GST refunds for “fake” cleaning business | A stock image showing a woman carrying basket of cleaning supplies. Source: Moodboard article-article-body
A Victorian woman has been sentenced to four years behind bars after claiming almost $600,000 in dodgy GST refunds, and attempting to... |
| 14.10.2024 | “People have had enough”: ATO says tax avoidance tip-offs show no signs of slowing down | Australian Taxation Office Assistant Commissioner Tony Goding. Source: Supplied article-article-body
Tax avoidance tip-offs show no signs of slowing down, the Australian Taxation Office (ATO) says, as customers and staff blow the whistle on... |
| 26.09.2024 | Taxation Tides: Navigating New Waters in Australia’s Tax Landscape | The Australian tax landscape is shifting. Recent government proposals are stirring the waters, creating waves of concern and relief among tax agents and businesses alike. The Treasury is reworking its ethical rules for tax agents, a move th... |
| 26.09.2024 | Tax sector secures “significant” concessions as government softens client ‘dob in’ measures | Source: Pexels/Oleg Magni. article-article-body
The federal government is rewriting a controversial set of ethical rules for tax agents, relenting to some, but not all, of the sector’s most significant concerns.
Debate over the requirements... |
| 25.09.2024 | Treasury details plan to remove tax-deductible status for ATO interest payments | Source: Adobe Stock article-article-body
Outstanding tax debts will become even less desirable when interest on those late payments loses its tax-deductible status next year.
Now, the Treasury is consulting on how to best affect that change... |
| 23.09.2024 | Tough conditions could see average SME invoice times surpass 40 days in December | Source: AAP Image/ Dan Himbrechts article-article-body
Average invoice payment times could spiral beyond 40 days by Christmas, business finance firm Optipay says, as a tough economic environment clamps down on small business cash flow.
Cust... |
| 18.09.2024 | Payday super: Employers face daily interest on unpaid super, Small Business Superannuation Clearing House to be ‘retired’ | Source: Adobe Stock. article-article-body
Australian employers are set to be charged daily interest on superannuation that is not paid to employees within seven days of their payday, while small businesses will lose access to the Small Busi... |
| 06.09.2024 | Adelaide SMSF advisor sentenced to seven years for theft from clients | Former super fund accounting manager Jason Poser has been sentenced to seven years in prison for the misappropriation of more than $2 million from company clients to fund a gambling habit.
Poser was handed the sentence in the Adelaide Distr... |
| 04.09.2024 | Accounting groups urge Albanese to “step in” to overhaul tax agent reforms in open letter | A portion of an open letter from leading Australian accounting industry groups, laid over an image of Assistant Treasurer Stephen Jones addressing the National Press Club of Australia in Canberra, Wednesday, July 31, 2024. Source: AAP Image... |
| 21.08.2024 | Regional consumers and businesses left behind by failing telco infrastructure | Image: Supplied article-article-body
Australians in regional, rural and remote areas continue to face significant telco service issues, including service faults, poor mobile cover and outages, according to a new report from the Telecommunic... |
| 14.08.2024 | Rob Heferen’s first ATO corporate plan: “Increased focus” on businesses debts and a new SME blueprint | Commissioner of Taxation Rob Heferen. Source: SmartCompany. article-article-body
The Australian Taxation Office (ATO) is pledging an “increased focus” on lingering business debts while preparing a new, multi-year program to improve small bu... |
| 13.08.2024 | What we know so far about Labor’s Trust Exchange initiative | Minister for Government Services and the National Disability Insurance Scheme Bill Shorten. Source: AAP Image/Jane Dempster, Adobe Stock. article-article-body
Minister for Government Services and the National Disability Insurance Scheme Bil... |
| 07.08.2024 | The 2023-2024 tax season, by the numbers | Source: SmartCompany article-article-body
Everything about tax time comes down to the numbers, but some are a little more abstract than others. Here, we collate a handful of the key figures related to personal and business tax returns, and ... |
| 07.08.2024 | Accountants welcome last-minute reprieve from new tax rules, but fear extra costs and red tape | Source: SmartCompany article-article-body
Accountants and bookkeepers have welcomed a last-minute reprieve from eight new obligations scheduled to begin in August, but feel more should be done to shield small practices from further ‘red tap... |
| 05.08.2024 | Is Australia’s Public Sector Ready for a Major Cyber Security Incident? | Recent investigations into the cyber security preparedness of Australian Federal Government agencies have found gaps in the public sector’s readiness for cyber security attacks or major data breaches, contributing to a focus in 2024 on impr... |
| 18.07.2024 | ATO reducing tax refund SMS messages after scam onslaught | Source: Unsplash/ Priscilla Du Preez article-article-body
The Australian Taxation Office (ATO) will no longer send an SMS message to taxpayers to inform them their tax return has been processed, as the rising tide of fraudulent messages mak... |
| 30.06.2024 | Insolvencies are rising. What precautions should leaders take? | Profile FTI Consulting
More news on Restructuring
The number of companies entering external administration has hit a ten-year record high last month, illustrating the mounting pressures on businesses. John Park, senior managing director at ... |
| 25.06.2024 | Cyber threats surge during Australia's EOFY tax season | As the end of the financial year (EOFY) approaches in Australia, organisations and individuals find themselves preoccupied with tax returns, financial statements, and compliance reports. This busy period also brings with it a heightened ris... |
| 13.06.2024 | Why small businesses must ‘eat the frog’ and face their ATO debts | Source: Adobe Stock article-article-body
Australian businesses are grappling with a daunting, yet unavoidable challenge: the ATO wants its money back. As a tax debt negotiation specialist at Tax Assure, I’m deeply concerned about the profou... |
| 13.06.2024 | $1,000 tax refund advances from H&R Block, Beforepay stoke consumer advocate concerns | Source: Adobe Stock. article-article-body
As the cost of living crunch continues, accountancy giant H&R Block and pay advance provider Beforepay are offering customers advance payments of up to $1,000 from their income tax return.
While... |
| 12.06.2024 | Stop, scammers time: SMEs warned as 90s tax time scams make a comeback | Retro tax-time scams, much like 90s fashion is making a comeback, says Bendigo Bank. Source: Adobe Stock. article-article-body
Cargo pants and bucket hats are not the only icons of the 90s that are making a comeback; even tax-time scammers ... |
| 12.06.2024 | KPMG Australia launches AI tool KymTax to enhance tax services | KPMG Australia has unveiled KymTax, a new generative AI tool aimed at fundamentally transforming the approach to tax advice. The custom-built technology is crafted to provide KPMG's tax specialists with swift access to a comprehensive repos... |
| 12.06.2024 | Why you shouldn’t rely on TikTok ‘hacks’ to maximise your tax refund from the ATO | Source: Adobe Stock article-article-body
For many people, a tax refund is a much-anticipated lump sum of money.
So, it is understandable Australians will be looking for ways to maximise their returns – particularly since we are in a cost of... |
| 11.06.2024 | Parliament has only four days to pass the instant asset write-off before July 1 | Source: Adobe Stock article-article-body
Australian lawmakers have just four sitting days to legislate the instant asset write-off extension promised to small businesses for the 2023-2024 financial year, giving entrepreneurs precious little... |
| 06.06.2024 | How SMEs can avoid receiving a call from the ATO | Source: Adobe Stock article-article-body
Small businesses need to be vigilant in managing their tax returns to avoid triggering audits by the Australian Taxation Office (ATO) this end of the financial year, says professional accounting body... |
| 31.05.2024 | How Ed Husic’s proposed company tax reforms could work | Australian Industry and Science Minister Ed Husic. Source: AAP Image/Lukas Coch article-article-body
When politicians talk about business tax reform, and talk about using it to stimulate investment, they are usually referring to one of (or ... |
| 29.05.2024 | Husic’s company tax cut plan would mean more cash for SMEs: MYOB | Australian Industry and Science Minister Ed Husic. Source: AAP Image/Lukas Coch article-article-body
Members of the small business community have welcomed comments by Minister for Industry and Science Ed Husic this week that have kick-start... |
| 28.05.2024 | Five smart moves for SMEs to maximise tax deductions this EOFY | Leanne Berry of MYOB. Source: Supplied. article-article-body
If you wish you’d got sorted for the end of the financial year (EOFY) earlier, or are concerned that you’re missing some big tax deductions, don’t worry. You still have time to ma... |
| 22.05.2024 | Scammers target Aussies looking for side hustles in cost of living crisis | Source: Adobe Stock article-article-body
Money lost to scams is tracking in the right direction even as fraudsters prey on the cost of living crisis to target people looking for side hustles.
An 11% fall in total scam losses was clocked ove... |
| 17.05.2024 | What Is Single Touch Payroll (STP) and How It Works? | Single touch payroll is a payroll initiative from the Australian government. With single touch payroll, companies report employees’ payroll information directly to the government each time they run payroll.
Read on to discover how single to... |
| 14.05.2024 | ATO to receive $187 million to combat tax and superannuation fraud | Source: SmartCompany. article-article-body
The Australian Taxation Office (ATO) has been given $187 million in new funding to bolster its defences against tax and superannuation fraud, including tools to block suspicious activity in real-ti... |
| 14.05.2024 | Government to change laws about how ‘on hold’ tax debts are handled | Source: SmartCompany. article-article-body
Months after the tax office hit pause on a letter campaign that involved telling small businesses owners that it may seek to recover ‘on hold’ historical tax debts, the federal government has said ... |
| 30.04.2024 | ATO debt recovery efforts have led to a surge in DPNs. What SMEs need to know | Source: Adobe Stock article-article-body
In recent months, the Australian Taxation Office (ATO) has significantly increased its debt recovery activities, particularly targeting small and medium-sized businesses. This escalation shouldn’t co... |
| 25.04.2024 | Indonesia and Australia Partner to Improve Crypto Tax Compliance | - |
| 24.04.2024 | Your hunch is right: You are paying more tax | Source: Canva article-article-body
The Commonwealth’s annual tax take is in rude health and growing strongly.
The latest numbers released by the Australian Bureau of Statistics (ABS) reveal Australia’s overall taxation take has continued it... |
| 18.04.2024 | Late payments creating mental toll for cash-strapped small business owners | Source: Adobe article-article-body
Letting invoices go unpaid has a significant mental toll on small business owners, according to a new survey that ties late payments to soaring stress levels.
New data from payments processing firm GoCardl... |
| 17.04.2024 | External administrations jump in March in ‘cost of doing business’ crunch | Source: AAP Image/ Mick Tsikas article-article-body
March was the worst month on record in terms of business collapses, a leading credit reporting agency says, as data once again shows construction sector businesses to be particularly expos... |
| 16.04.2024 | America's facing a retirement disaster. There's a better way. | Economy America's facing a retirement disaster. There's a better way.
Allie Kelly
2024-04-16T19:30:11Z
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| 15.04.2024 | Revolutionizing Fleet Management with KPMG Australia and Geotab | In a groundbreaking alliance, KPMG Australia and Geotab have joined forces to transform fleet management. The partnership introduces the FTC Automator, a cutting-edge technology that revolutionizes how organizations claim Fuel Tax Credits. ... |
| 12.04.2024 | Massive tax consequences coming for 42,000 small businesses ‘disengaged’ from ATO | Australian Parliament House is seen behind a ‘Pay Here’ sign at a parking pay station in Canberra, Saturday, October 14, 2023. Source: AAP Image/Lukas Coch article-article-body
More than 42,000 small businesses are reportedly “disengaged” f... |
| 09.04.2024 | Geotab and KPMG Australia make it easier than ever to claim Fuel Tax Credits | BANGKOK, April 9, 2024 /PRNewswire/ -- Geotab, the global leader in telematics technology, and KPMG Australia have announced a new alliance that enables KPMG's clients to access Geotab technology, thereby expanding KPMG's comprehensive flee... |
| 09.04.2024 | KPMG Australia and Geotab make it easier than ever to claim Fuel Tax Credits. | JAKARTA, Indonesia, April 9, 2024 /PRNewswire/ -- KPMG Australia and Geotab, the global leader in telematics technology, have announced a new alliance that enables KPMG's clients to access Geotab technology, thereby expanding KPMG's compreh... |
| 08.04.2024 | ATO issues new false invoice warning to businesses scamming the tax system | Source: Unsplash/Scott Graham. article-article-body
The Australian Taxation Office (ATO) has dodgy invoicing in its crosshairs, warning businesses that the Serious Financial Crimes Taskforce is ready and able to take action.
On Friday, the ... |
| 04.04.2024 | ‘Won’t pretend to have all the answers’: New ATO chief pledges to listen to SMEs | Australian Taxation Office Commissioner Rob Heferen. Source: Supplied article-article-body
New Commissioner of Taxation Rob Heferen has introduced himself to the small business community with humility, using a conference to admit he has muc... |
| 27.03.2024 | CBA boss suggests ban on cash payments above $500 | Commonwealth Bank CEO Matt Comyn. Source: AAP/Dan Himbrechts article-article-body
Cash payments above $500 should be banned to help curb the shadow economy, according to Commonwealth Bank CEO Matt Comyn, who outlined a bold suite of economi... |
| 26.03.2024 | ATO, government agencies urged to keep “people at the centre” when discussing debts | Source: Adobe Stock article-article-body
The Inspector-General of Taxation Karen Payne has urged the Australian Taxation Office (ATO) and other government agencies to keep “people at the centre” of their practices, following the so-called ‘... |
| 26.03.2024 | ATO ‘robotax’ debt recovery letters prompt new guidelines from government watchdogs | Source: Adobe Stock article-article-body
The Australian Taxation Office (ATO) has again acknowledged its efforts to recover billions of dollars worth of ‘on hold’ debts from small businesses and individuals in 2023 caused “distress” to some... |
| 28.02.2024 | Price gouging by banks? There’s a simple solution | (Clockwise from top left) The logos of NAB, ANZ, Westpac, and Commonwealth Bank. Source: Joel Carrett / AAP Image article-article-body
Does it feel like you’re being charged more for all sorts of things these days, from groceries to banking... |
| 26.02.2024 | Atlassian commits to Australian IP retention in landmark $92 million settlement with ATO | Atlassian founders Mike Cannon-Brookes and Scott Farquhar. Source: supplied. article-article-body
In a landmark agreement with the Australian Taxation Office (ATO), Atlassian has agreed to a $92 million tax settlement after a three-year aud... |
| 23.02.2024 | ‘Robotax’ highlights the gaps in Australia’s taxation system. But there’s a fix | Source: Adobe Stock article-article-body
Imagine believing you owed nothing to the Australian Tax Office (ATO), and then suddenly finding out decades later that you did, and that the tax office had been accruing interest and penalties on it... |
| 22.02.2024 | GST registration to become “slower and potentially more difficult” after $2 billion fraud | Australian Taxation Office ATO Commissioner Chris Jordan at the National Press Club in Canberra, Wednesday, February 21, 2024. Source: AAP Image/Mick Tsikas. article-article-body
Business owners can expect GST registration to become “slower... |
| 20.02.2024 | Labor’s Stage 3 tax cuts aren’t enough. We need genuine tax reform | Treasurer Jim Chalmers. Source: AAP Image/Lukas Coch article-article-body
Another year, another round of tax cuts. Australian governments have made an art of announcing new income tax cuts as elections draw near. But while such cuts are alw... |
| 22.12.2023 | Managing Money and Finance | article-article-body
Getting paid
Many businesses fail to clearly establish their terms of credit and can suffer from cash flow problems as a result. Establishing clear methods and terms of payment is vital. Collecting money on time will no... |
| 22.12.2023 | Tax consultants put on notice as ATO escalates R&D warning | Source: Unsplash/Mikhail. article-article-body
The Australian Taxation Office has strengthened its approach to Research & Development (R&D) tax incentive compliance, warning taxpayers and their advisors that penalties could await th... |
| 22.12.2023 | 30 government grants to grow your business | article-article-body
It’s tough to get money at the moment. The venture capital funds have shut up shop, the sharemarket is shying away from IPOs, the banks have backed away and the angel investors have had their wings clipped.
But there is... |
| 22.12.2023 | Tax recap: The 23 updates, reforms, and crackdowns that defined 2023 | Source: Adobe Stock article-article-body
It was a year of transition for the Australian Taxation Office: after an extended period of leniency shown to small business taxpayers struggling through pandemic lockdowns, 2023 marked a reversion t... |
| 22.12.2023 | Human Resources 101 | article-article-body
When to hire a staff member
As your business develops it will become necessary to employ staff, but how will you know when the time is right to take on a new employee?
The most important consideration when hiring staff ... |
| 22.12.2023 | Why the ATO’s under-the-radar website overhaul is good for taxpayers | A screengrab from the ATO's new-look website. Source: Australian Taxation Office article-article-body
For everyday taxpayers used to the simple and efficient transactionality of the Australian Taxation Office’s (ATO) rugged but secure and c... |
| 07.12.2023 | Remixt: Nexba founders launch first alcoholic drink into a Hard Solo summer | Cartons of the new Remixt drink. Source: Supplied article-article-body
The company behind sugar-free soft drink Nexba has launched its first alcoholic beverage, in the hopes of disrupting this summer’s ready-to-drink mania with a new wine-b... |
| 01.12.2023 | “Imagine the possible”: ATO commissioner envisions BAS-free future for small business | Source: Adobe Stock article-article-body
Outgoing Australian Taxation Office (ATO) commissioner Chris Jordan has reaffirmed the office’s commitment to a fully digital tax system, asking taxpayers to imagine a potentially “BAS-free” future f... |
| 14.11.2023 | Uniswap launches Android wallet app with built-in swap function
Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator
Privacy-first, copyright-friendly content is key to driving Web3 adopti... | Uniswap Labs has publicly released an Andriod mobile wallet app with built-in swap capability on the Google Play store.
The new app allows users to make swaps through the decentralized exchange (DEX) from within the app, eliminating the nee... |
| 14.11.2023 | Blockchain.com $110M funding round halves its 2022 valuation: Report
Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department
How this all-in-one app bridges the gap ... | Crypto exchange and wallet provider Blockchain.com closed a $110-million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion.
In a Nov. 14 blog post, Blockchain.com said the closing of it... |
| 14.11.2023 | FTX, BlockFi claims settlement allowed to proceed, judge declares
Tether credits USDT growth surge to ETF excitement, emerging markets
How this decentralized social media platform plans to bring the... | Bankrupt crypto companies FTX and BlockFi are allowed to proceed in negotiations for their claims settlement, according to a new court filing.
On Nov. 13, United States bankruptcy Judge Michael Kaplan ordered the end of an automatic holding... |
| 14.11.2023 | Owner of Hong Kong crypto exchange OSL secures $90M investment
Swan Bitcoin to terminate customer accounts that use crypto-mixing services
Privacy-first, copyright-friendly content is key to driving... | BC Technology Group, the operator of Hong Kong’s publicly listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.
BC Technology entered into a partnership with BGX, which agreed to subscribe for sh... |
| 23.10.2023 | ATO “reset”: The five types of business debt at the top of the tax office’s watchlist | Source: Adobe Stock. article-article-body
The Australian Taxation Office (ATO) has revealed the five types of business debts at the top of its watch list, as the extraordinary leniency the tax office showed to late payers through COVID-19 l... |
| 23.10.2023 | “Not a victimless crime”: Mildura man jailed for seven years over ATO TikTok GST scam | Source: Adobe Stock article-article-body
A Mildura man has just been sentenced to 7.5 years in prison over his involvement in the ‘TikTok GST scam‘ that has been circulating since 2020.
According to the Australian Taxation Office (ATO), the... |
| 23.10.2023 | Big wheels keep on turning as SUVs, utes become the choice of Aussie motorists | Source: Pexels/Andrea Piacquadio. article-article-body
If we’re upset about the price of petrol, why do we drive the vehicles we do?
SUVs (so-called sport utility vehicles) use more fuel per kilometre than standard cars — according to the I... |
| 23.10.2023 | “Draconian crap”: ATO commissioner’s “free loan” warning challenged by SmartCompany readers | ATO commissioner Chris Jordan. Source: AAP Image/ Mick Tsikas article-article-body
Australian tax chief Chris Jordan’s “unapologetic” focus on small businesses “treating ATO liabilities like a free loan” has sparked a strong response from t... |
| 23.10.2023 | ATO threatens to disclose business tax debts to credit reporting agencies | Source: Adobe Stock. article-article-body
The Australian Taxation Office (ATO) has issued a warning to businesses with substantial tax debt, or that have failed in their superannuation obligations to pay up or be disclosed to credit reporti... |
| 09.07.2023 | Meet the typical Australian millennial: They're delaying marriage and kids, have $16,000 in student debt, and their housing woes sparked political change. | Australian and American millennials have a lot in common. Szilard Toth/Getty Images
Delaying kids and priced out of homes, the typical Australian millennial looks similar to Americans. Student debt averages $16,000, and the government doesn... |
| 19.05.2023 | ATO extends IT megadeals with DXC and Leidos by $440m | The Australian Taxation Office has extended two of its largest IT outsourcing deals by almost $440 million, buying extra time to potentially transition off them.
Its massive Centralised Computing services agreement, run by DXC, has a $332.7... |
| 19.05.2023 | How Is Cryptocurrency Taxed? | Noah Miller, Tech Times 19 May 2023, 12:05 pm
(Photo : Adobestock)
The revenue in the cryptocurrency segment is forecasted to grow at 14.4% annually between 2023 and 2027. This rapid growth rate suggests that more people are embracing this ... |
| 16.12.2022 | End of Director ID amnesty exposes 500,000 Australian corporate leaders to severe fines | As many as 500,000 company directors are now exposed to criminal penalties of $13,200 after the Australian Taxation Office’s amnesty on late Director ID applications passed on Wednesday.
SmartCompany understands nearly 2 million Director ID... |
| 13.12.2022 | ATO retrieval software bug leads to lost tax docs | An internal software tool used by the Australian Taxation Office (ATO) to retrieve historical tax documents has stopped working and cannot be fixed, cutting off a key data source used by abuse survivors in their compensation claims.
Lawyers... |
| 13.12.2022 | ATO finalises s100A guidelines for how it will police trust distributions | The Australian Taxation Office (ATO) has finalised its guidance on how it intends to police compliance with anti-avoidance provisions related to distributions from trusts that may require consultation with both accountants and lawyers, acco... |
| 09.12.2022 | ATO to launch online tax training portal for small businesses as it stares down $44 billion in collectable debt | Source: Unsplash/Freestocks.
The Australian Taxation Office (ATO) is developing a new online training portal for small businesses, containing free courses designed to improve tax compliance — and help the tax office whittle down some $44 bi... |
| 16.11.2022 | Is your business late on its tax payments? ATO fines will soon become significantly more expensive | When Labor handed down its 2022-2023 federal budget last month, the most hotly debated tax issue — the reversal of Stage Three tax cuts — was notably absent.
In the back-and-forth over the decision to stick with the controversial income tax... |
| 03.11.2022 | The best and worst Australian states to buy an EV right now | Australia’s uptake of EVs has been slow to say the least. And it’s not surprising. Expensive prices, a lack of carbon emissions standards for vehicles and taxes — there’s a lot of roadblocks. And when it comes to incentives it’s a mixed bag... |
| 02.11.2022 | ATO looks to bridge $33 billion tax gap by collecting unpaid debts from small business | ATO commissioner of taxation Chris Jordan. Source: AAP/Lukas Coch.
Australia’s shadow economy and small businesses are on the Australian Taxation Office’s (ATO’s) radar, as the federal government attempts to bridge the gap by putting tax do... |
| 12.10.2022 | The number of Aussies working in distilleries has exploded by 240% but taxes are limiting growth | Four Pillars gin. Source: supplied.
Census figures from 2021 have revealed employment in the spirit manufacturing industry is up 240%, but some distillers say a number of factors are still holding the Australian industry back.
According to ... |
| 11.10.2022 | ATO ‘influencer tax’ crackdown on celebrity endorsements | Source: Unsplash/Mateus Campos Felipe.
A draft ruling from the Australian Tax Office could significantly affect how influencers, entertainers and sportspeople profit from their fame, while also raising new questions for the businesses that ... |
| 30.09.2022 | Forget gap years, the government wants to HELP fund ‘startup years’ for uni students | A woman looks at her phone screen while working from her computer. Source: Unsplash/Bruce Mars.
The federal government is looking to introduce a new startup loan program for young entrepreneurs wanting to get their business ideas off the gr... |
| 29.09.2022 | Why the outlook on petrol prices is not as bad as it seems, now the fuel excise cut has ended | Source: shutterstock.
In early March Russia’s invasion of Ukraine pushed global oil prices up by about 30% and Australians faced paying more than $2.15 a litre for petrol. Contrary to economists’ advice, the Morrison government decided to h... |
| 14.09.2022 | ATO flags imminent midrange, hyperconverged outsourcing tenders | The Australian Taxation Office will soon go to tender for midrange and data centre services, as well as separate hyperconverged infrastructure services, under a continuation of its IT strategic sourcing program.
The program was described by... |
| 13.09.2022 | ATO charts course to "real-time" with 2030 digital strategy | The Australian Taxation Office (ATO) wants to be “fully digitised” by 2030, with a large portion of the unreleased strategy dedicated to becoming “real-time” - from reporting to payment.
Commissioner Chris Jordan told the Xerocon Sydney con... |
| 12.09.2022 | Small business to get a $120 tax deduction for $100 spent on digital uptake and upskilling staff | The Albanese Government has committed to delivering tax breaks to help small business grow, writes Australian Small Business and Family Enterprise Ombudsman, Bruce Billson. Plus, there’s also only one week left for small and family business... |
| 17.08.2022 | ATO: Small business tax, cybersecurity and single-touch payroll top priorities for 2022-23 | ATO commissioner of taxation Chris Jordan. Source: AAP/Lukas Coch.
The ATO has today released its 2022-23 corporate plan to highlight its key focus areas and priorities over the next financial year.
Included in the key focus areas are an im... |
| 17.08.2022 | “Think of it as insurance”: As business scams mount, Financial Services Minister Stephen Jones says it’s time to adopt eInvoicing | Source: Mick Tsikas / AAP Image
It is “critical” for small businesses to protect their payments with Australia’s new eInvoicing protocol, Minister for Financial Services and Assistant Treasurer Stephen Jones says, after invoice fraudsters h... |
| 15.08.2022 | It’s eInvoicing Week, and the ATO says adopting the next-gen system could save your business time and money | Source: Unsplash/Scott Graham.
The Australian Taxation Office (ATO) and bookkeeping providers have hailed the launch of eInvoicing Week, celebrating the new digital invoicing process which promises to save time and money for small businesse... |
| 14.08.2022 | A whopping two-thirds of small businesses don’t know what eInvoicing is | Research released today by Xero reveals nearly half of Australian small business owners would likely register for eInvoicing if government agencies and big businesses started sending eInvoices.
Electronic invoicing, or eInvoicing, has been ... |
| 08.08.2022 | ATO gets more time to deliver single business register amid $1bn blowout | The Australian Taxation Office has been given another four years to complete the country’s business register overhaul after it emerged the project will cost the government $1 billion more than first anticipated.
Late last month, assistant t... |
| 08.08.2022 | What is the second stage of single touch payroll, and is your SME ready? | The journey to single touch payroll phase two (STP2) has been full of delays, but the deadline for switching it on is looming.
STP2 began from January 1 but many well-known payroll digital service providers (DSP) secured deferrals that effe... |
| 01.08.2022 | The problem with Labor’s electric vehicle tax cut, and what it could do to better incentivise EV purchases | Source: Unsplash/Michael Fousert
The Albanese government has introduced tax cuts to electric vehicles in its first sitting week, claiming the proposed changes would be “good for motorists, good for climate action and good for fleet purchase... |
| 27.07.2022 | Cost blowout pushes Australia's business register overhaul to $1.5bn | The former federal government has been accused of hiding a $1 billion blowout in its massive consolidation of business registers, with costs now projected to come in at $1.5 billion.
Newly-appointed financial services minister Stephen Jones... |
| 22.07.2022 | Cash-in-hand leniency is well and truly over, ATO says, after receiving 43,000 ‘shadow economy’ tip-offs | ATO assistant commissioner Peter Holt. Source: supplied.
The Australian Taxation Office (ATO) has put the small business community on notice, declaring it received more than 43,000 tip-offs about cash jobs in the last financial year — with ... |
| 11.07.2022 | Small businesses get a bigger share of government procurement contracts | There is no substitute for customers and it’s great to see the Commonwealth’s commitment to be a bigger customer for small businesses, writes Australian Small Business and Family Enterprise Ombudsman, Bruce Billson.
Changes to Commonwealth ... |
| 07.07.2022 | How SMEs can embrace good habits this new financial year | As we enter a new financial year, small businesses might initially put tax and financial management on the back burner after the EOFY. However, these are not normal times. Australia is experiencing interest rates rising again in July for th... |
| 05.07.2022 | What is an ‘employee’? ATO aims to review superannuation guidance after landmark court ruling | The Australian Taxation Office (ATO) is reviewing its advice on who qualifies as an ‘employee’ for superannuation purposes, after a major High Court ruling found a worker contracted by a labour hire firm actually qualified as an employee.
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