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ATO Assistant Commissioner Karen Foat says that a systematic review of claims has found, and disallowed, some very unusual expenses.
According to Ajeet Khurana, global CEO for Zebpay, one of the world’s largest cryptocurrency exchanges, “A lot of people want to know...
First-to-market in the HR sector, the ELMO ATO integration further automates the onboarding process, increasing the responsiveness and cost-effectiveness of the HR team, as well as improving the employee experience.
But there are a few essential things rideshare drivers, space-sharers and other ‘sharing economy’ workers need to know come tax time. Those earning income from the sharing economy should prepare for close scrutiny from the ATO.
Tax savings are a big business. According to the ATO, businesses deducted $2.5 billion in expenses in the 2013-14 financial year. At the top of the list was cost of sales, and at the bottom were motor vehicle expenses, demonstrating the activities that were more or less likely to be considered as a deductible expense.
Australian small businesses may be treating the tax office like a bank - but it's a stop-gap measure, warns national SME funder, Scottish Pacific.
By now everyone in the Australian start-up space should be aware that the government has made significant changes to the way in which equity or options issued to employees will be taxed.
Complying with Australia’s GST rules is costing small businesses big time - more than $13.7 billion a year, according to new research recently released...
Quality talent is attracted to SMEs by far more than an attractive salary; we human beings like to be more than numbers to a...
Have you been meaning to replace that lump of junk you call a laptop? Need a more comfy office chair? How about a new...
Directors of struggling companies will have to act earlier on unpaid super and PAYG if they are to avoid tough new personal liability penalties, warns an insolvency expert. Don’t say we did not warn you.
In the latest edition of Talking Business, Leon and Garry have a natter about Federal Opposition Leader Tony Abbott’s push to turn the prospective carbon price into an election issue. According to the chaps: “The horse trading’s begun already.”
Who should we blame when we find out that we’ve missed the boat on hundreds of thousands of dollars in guaranteed government R&D funding? Ourselves? The Government? Or our Accountant? In other words, who has the responsibility and duty of care to ensure we make our R&D tax claim at tax time?