The taxman is coming for your deductions! Here’s how you can avoid the crackdown
ATO Assistant Commissioner Karen Foat says that a systematic review of claims has found, and disallowed, some very unusual expenses.
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Have you bought some crypto? Here’s what you need to know about the tax bit of it
According to Ajeet Khurana, global CEO for Zebpay, one of the world’s largest cryptocurrency exchanges, “A lot of people want to know whether they should talk to their accountant or tax advisor about their crypto investments! Our simple answer is yes.” “We say yes for a number of reasons, the most important one being that…
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Australian HR software provider ELMO is the first to market with ATO integration
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.
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Is your business getting innovative? You might be eligible for the R&D tax break
The R&D tax incentive encourages companies to engage in R&D activities with the purpose of fostering Australia’s innovation and competitiveness. Eligible?
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A start-up that helps freelance accountants succeed has closed a $180,000 seed funding round to fuel its US expansion
Accodex, an Adelaide-based start-up offering a new tech-enabled platform for freelance accountants, has secured a $180,000 seed funding to expand to the US
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SMEs owe the ATO the most, are small business owners using the tax office as a line of credit?
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.
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The good, the bad and the ugly: Here is how the new changes in employee share scheme law will affect your start-up
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.
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Australian SMEs are bleeding $13.7 billion a year as they pay GST
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 by accounting software provider, MYOB. Based on a survey of 1026 SME owners and managers, the research uncovered the true cost of the GST burden on the men and women running…
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Now is the perfect time to start making June 30th, 2015 easier for your business than this year’s
Quality talent is attracted to SMEs by far more than an attractive salary; we human beings like to be more than numbers to a company. Opportunities such as travel, entertainment or further education and training not only give a career its wings but stimulate innovation and original thinking which is critical to keeping the business’…
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Don’t mind me. I’m just taking a walk in this minefield of tax penalties
Are you an entrepreneur? Does this sound familiar? “Hey buddy, have you heard about this new clever tactic of squeezing more out of your expense claims? Here, let me show you…” There is a bunch of long-held tax myths out there that continue to plague Australian small businesses, exposing many to substantial tax penalties. How…
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Government releases R&D Tax Incentive registration requirements
Has your business got its beady eye on research and development? A publication by AusIndustry may be able to shed some light on the government’s new R&D Tax Incentive.
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