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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...
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...
Having a staff Christmas party? The ATO has put you on notice
If you throw a Christmas function for your staff off-site the cost of providing the party would normally be treated as a...
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.
ATO reminds businesses on contractor reporting deadline
The office also issued more than 16,000 penalties for businesses who didn’t lodge their TPARs for previous years, despit...
Thousands of SMEs make use of ATO tax amnesty
The amnesty applies to small businesses with a turnover of less than $10 million with overdue tax payments between 1 Dec...
SMEs at risk from ATO and creditor action
High-interest rates and ATO action are creating fear of not only a business insolvency wave but also a personal insolven...