Tax
FollowTax Archives
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...
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...
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...
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.
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.