Tax
FollowTax Archives
ATO reminds small businesses what they need to address before 30 June
Small businesses can still claim an immediate deduction for the cost of eligible assets first used or installed ready fo...
Refreshed ATO charter to reinforce its commitment to Australians
Community feedback was critical in helping to shape the ATO's approach to the refresh of the Charter.
SMEs urged to take advantage of tax incentive for staff training and digitisation
The digitisation incentive will be offered only until 30 June 2023 while the training incentive will end on 30 June 2024...
Businesses urged to ‘get their houses in order’ for EOFY
EOFY is noted to be a challenging time, even for businesses that are doing, well so taking stock of the business's finan...
ATO offers amnesty to small businesses with overdue tax lodgements
To be eligible for the amnesty, the small business must be an entity with an aggregated turnover of less than $10 millio...
How to make EOFY less stressful for your small business
Having a good understanding of the kinds of expenses you can claim as tax deductions has the potential to cut your tax b...
Tax relief for small businesses on the brink of insolvency
Over 6000 Australian businesses have already been placed into administration so far this financial year.
ATO urges taxpayers to declare all business income, including side hustles
With the Shared Economy Reporting Scheme set to commence on 1 July 2023, the ATO is further improving its tools to detec...
Unveiling the benefits of the Global Minimum Tax Rate for Australia’s small businesses
By addressing the issue of tax avoidance, the GMTR will benefit small businesses and foster fair competition.
Tax deductions for investors in energy efficiency a shot in the arm for small businesses
Rewiring Australia's research reveals that there are tens of billions of dollars wasted every year in the Australian eco...