If you run a business that makes payments to contractors, you’ll want to stay ahead of changes to the Taxable Payments Reporting System (TPRS) no matter what industry you’re in.
As the Federal Election edges closer, there have been several late announcements coming from both sides of government in an attempt to woo the startup and SME sector. Here’s the low down.
Two lucrative government grants for innovative SMEs conducting research are about to hit deadline. Here’s what you need to know to get in at the eleventh hour.
With the Australian Federal Election just around the corner, opposition leader Bill Shorten has made it clear he intends to increase the minimum wage in Australia – something that will likely impact SMEs around the country.
The Labor Party’s Budget reply supports the Government’s surplus and some tax cuts, yet more detail is required before clear benefit seen for the small business sector.
With a number of measures to stimulate consumer spending and ease the burden of cost for small businesses, the surplus may ease concerns regarding the global economy.
The Government has announced additional tax relief for Australians as part of its ‘Back in Black’ Federal Budget 2019 in a bid to ease the cost of living.
An increase in the Instant Asset Write-Off from $25,000 to $30,000, extra funding for export reimbursements and personal tax cuts are the biggest takeaways from this year’s Federal Budget.
Among the Instant Asset Write-Off increase and some extra money for export spending, the Government threw in a little surprise with this year’s pre-election budget with changes to the ABN system.