Business

Former SMSF adviser sentenced for misappropriating funds

Ross Andrew Hopkins of Killara, NSW, has been sentenced in the District Court of New South Wales to a maximum period...

27 May 2021

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Business

Scrapped SG threshold to increase administrative burden for small business

While the government’s removal of the $450 superannuation threshold will be a positive for those previously ineligible...

17 May 2021

Business

Xero scores subscriber surge despite slowed revenue

The cloud accounting software provider reported slowed revenue growth in its annual results, even as it secured...

14 May 2021 • By John Buckley

Business

1 in 5 small businesses left in the dust of digitisation

Nearly half a million small businesses continue to trade with little to no digitisation measures, while 34 per cent of...

13 May 2021

Business

Businesses stall on payment times as credit enquiries rise

While Australia’s economic outlook post-JobKeeper has shifted to optimistic territory, businesses continue to show...

12 May 2021

Business

Business confidence hits 7-year high

Business confidence surged to a seven-year high in April, up by 48.4 points from levels recorded one year ago.

12 May 2021 • By John Buckley

Business

Superannuation boost for 300k workers as government scraps minimum SG threshold

Businesses employing casual and part-time employees will now have to pay for their superannuation as the government...

11 May 2021 • By Jotham Lian

Business

End of JobKeeper unlikely to slow employment growth: RBA

In its quarterly monetary policy update, the Reserve Bank of Australia said it expects the economic fallout from...

10 May 2021 • By John Buckley

Business

ATO launches new recruitment program targeting high school leavers

High school leavers can now get a 12-month job with the ATO as it launches a new recruitment program for four of its...

06 May 2021 • By Jotham Lian

Business

Small business tasked to create 210,000 new jobs to stimulate economy

Australia needs to create about 210,000 jobs across the small business sector in order to deliver a full economic...

06 May 2021 • By John Buckley

Business

SMEs call for red tape and tax cuts ahead of federal budget

While most small business owners are optimistic for future trading conditions, many of them believe next week’s...

05 May 2021 • By John Buckley

Business

Government flags further insolvency reforms

Small businesses that operate through a trust will now be considered for further protection, as the government mulls...

04 May 2021 • By Jotham Lian

Business

Businesses feeling ‘adverse’ impacts of COVID-safe measures: ABS

While less than two out of 10 businesses are recording a dip in revenue, nearly two-thirds of them are still feeling...

03 May 2021

Business

ATO, TPB unveil new client verification standard

Tax practitioners will soon be required to sight two separate proof of identity documents when onboarding new clients...

30 April 2021 • By Jotham Lian

Tax

Tribunal overturns tax agent’s 5-year ban, laments ‘regrettable’ TPB...

The Administrative Appeals Tribunal has overturned a five-year registration ban imposed on an Adelaide tax agent after...

29 April 2021

Business

Pandemic toil sees accountants earn small business $45.3bn

In the face of the pandemic, Australia’s small business sector turned to accountants and bookkeepers for reassurance —...

29 April 2021

Business

SMEs considering non-bank financing options at new high: Scotpac

Despite government stimulus introduced to encourage bank borrowing among SMEs, business owners are turning away from...

29 April 2021 • By John Buckley

Business

Victorian ombudsman finds 12,000 businesses ‘unfairly denied’ COVID-19 grants

About 12,000 Victorian businesses could now be eligible for retrospective COVID-19 grants of up to $10,000 after the...

28 April 2021 • By John Buckley