Tax
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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.
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...