Tax

Tax Archives

expense management, expenses

The biggest challenges Aussie start-ups face…and how to overcome them

Failing to set money aside to pay tax is one of the most common pitfalls that new businesses fall into.

ATO offers free online tax and superannuation support for small businesses

The ATO platform include tips on areas where small-business owners commonly make mistakes, such as GST and business dedu...
asset write-offs, purchases

SMEs flocked to avail themselves of uncapped instant asset write-offs before deadline

SMEs with declining or flat growth took most advantage of the Instant Asset Write-Off scheme, with 68 per cent purchasin...
tax returns, tax time

2024 tax trends for SMEs and sole traders

There is a technological revolution happening with regards to the innovation and democratisation of finance tools for th...

Plastic packaging waste tax proposed

The majority of Australians back stronger measures against plastic waste, with 85 per cent supporting legislated waste r...

Thailand’s wine tax reform could be opportune for Aussie winemakers

The excise tax on wine will be reduced from 10 per cent to five per cent and on spirits from 10 per cent to zero to help...

Stricter ATO tax debt policy to affect small businesses

Small businesses have found it easier to apply for finance in the form of a payment plan with the ATO than a loan from a...

ATO urges small businesses to act before tax penalty amnesty deadline

Small businesses with tax payments due for the period 1 December 2019 to 28 February 2022 have until 31 December to avai...
super

ATO underscores need for timely payments for tax and super

Aside from potential penalties, interest on overdue tax debts compounds daily at an annual rate of 11.15 per cent.
late payments, payment times

Businesses reminded to pay their tax debts to avoid disclosure to credit agencies

Disclosures on tax debts can adversely impact a business's ability to receive financing in the future.