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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Are you paying too much tax? Tax rates around the world and where Australia stands in comparison [INFOGRAPHIC]
This infographic looks at the highest tax rates around the world and Australia’s current tax bands for residents and foreigners living in Australia.
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GST on online purchases? All good things must come to an end, except for online shopping
Love your online shopping? So do many Australians. With an estimated growth rate of 12.6% per year,Australia’s e-commerce is growing fast. Online spending is on its way to reach $21.7 billion by 2015, putting Australia within the top 3 online spending positions worldwide over the last two years. One big factor that makes online shopping…
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Wait, a tax deductible Christmas party? Tell me how!
We all hate doing party-pooper taxes. But, if you knew how to make that office Christmas party tax deductible, it may just be more fun. As Christmas draws closer, small business owners begin to plan exciting celebrations and staff gifts to bring the working year to an end. As most business owners know, this is…
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What are the five things that identify a good accountant?
Accountants are not just bean counters. The are business advisors – or should be. Getting the right advice is essential for the success of your business and a key ingredient in this is having the services of an accountant who provides pertinent, timely and cost effective advice. I strongly believe that you get your best…
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Four time critical actions you need to do before the end of the financial year
‘Failing to plan is planning to fail.’ Alan Lakein If this is your first financial ‘year end’ in business there are four time critical actions that need attention to ensure your close out is planned with no nasty surprises. Here they are: 1. Seek advice Seek advice from your accounting adviser before the end of…
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Anthill Magazine | Funding & Finance | Growth & Export | Management Matters | Marketing & Media | Startup & Entrepreneurship | Tech & Innovation
The good, the bad and the meh. What the budget means for startups and sole traders.
Last week, Federal Treasure Wayne Swan handed down his 6th budget. You surely heard. In fact, you’re probably already completely sick to death of hearing about it. But, before you get back to the important work of actually building the economy (of actually contributing to Australia’s taxable revenue and creating new industries), take a moment…
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Five things the government can do to help Australian startups
We’re not asking for a revolution, but there are some really simple things that the government could do to rock the world of startups and entrepreneurs. These five simple things would make a world of difference.
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The evolution of the accountant
Ask any entrepreneur who their top three most trusted sources of information are and, nine out of ten will put forward their accountant in that list. Does your accountant make your list of ‘most trusted’?
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EOFY blues? Here’s light for the end of next year’s tunnel
EOFY — end of financial year — is never fun, certainly not as much as a night out. But despair not. If you start now — and do all the smart things — your next EOFY could be a walk in the park. To set you on the right track, here are top 10 tips from MYOB:
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AutoCarLog (SMART 100)
AutoCarLog was created as a result of a challenge, a challenge to build a successful technology startup in just seven days and for less than $500. It was born from the need to modernise paperback vehicle mileage logbooks with a convenient, fast, environmentally friendly and tech based approach.
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Anty-Climax | Blogs | narrow
Romania eyes fast food tax to reverse national waistline inflation
Thomas Jefferson once said that “the price of freedom is eternal vigilance”. However, in the case of Romania’s post-communist population, the price is also size 52 trousers. In stark contrast to the lean Eastern Bloc days, half of Romania’s population is now overweight. Apparently, a burger, fries and jumbo soda became the cherished trophies of Cold War liberation.
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The proposed Australian R&D tax reforms… Do they walk the talk?
Inconsistency is what most influences an organisation’s decision to invest in R&D and the extent of its R&D investment. This is because a company cannot budget and minimise risk if it does now know the extent to which it is likely to be eligible for a tax concession. The proposed reforms to the R&D tax concession not only conflict with their stated purpose but offer no consistency to organisations already engaged in the complex task of commercialising innovation… whether novel or risky.
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The proposed Australian R&D tax reforms… Do they walk the talk?
Inconsistency is what most influences an organisation’s decision to invest in R&D and the extent of its R&D investment. This is because a company cannot budget and minimise risk if it does now know the extent to which it is likely to be eligible for a tax concession. The proposed reforms to the R&D tax concession not only conflict with their stated purpose but offer no consistency to organisations already engaged in the complex task of commercialising innovation… whether novel or risky.
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Public feedback sought for proposed Federal R&D Tax Concession changes
As part of the Federal Government’s dramatic overhaul of its commercialisation program, now called Commercialisation Australia, the R&D Tax Concession will replace the R&D Tax Credit from 1 July, 2010.
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Public feedback sought for proposed Federal R&D Tax Concession changes
As part of the Federal Government’s dramatic overhaul of its commercialisation program, now called Commercialisation Australia, the R&D Tax Concession will replace the R&D Tax Credit from 1 July, 2010.
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Federal R&D Tax Credit Bill passes, more changes to come
The passage last Thursday of the Tax Laws Amendment Bill (2009 Measures no 4) represents the Rudd Government’s first significant milestone on the road to delivering a more streamlined R&D Tax Credit for innovative Australian businesses.
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Federal R&D Tax Credit Bill passes, more changes to come
The passage last Thursday of the Tax Laws Amendment Bill (2009 Measures no 4) represents the Rudd Government’s first significant milestone on the road to delivering a more streamlined R&D Tax Credit for innovative Australian businesses.
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10 steps to accelerate cashflow by streamlining accounts
Asking for money is probably one of the least enjoyable jobs in business. If it isn’t handled right, it can have a massive impact on the health and viability of the business. There is a lot more to getting paid than just asking for money. Getting paid is the result of a whole lot of…
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