Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]
Tech leaders have expressed new found enthusiasm and excitement following Malcolm Turnbull’s appointment to Prime Minister this week. As a founding director of Australia’s first internet company, OzEmail, Mr Turnbull’s credentials and acumen are expected to deliver a boost to tech start ups across Australia. “He understands the challenges we face in regard to tech disruption […]
“We need to have in this country — and we will have now — an economic vision, a leadership that explains the great challenges and opportunities that we face. “Disruption we see driven by technology … is our friend, if we are agile and smart enough to take advantage of it. “There has never been […]
The Australian Competition and Consumer Commission (ACCC) has proposed to grant reauthorisation of a revised Solar Retailer Code of Conduct for five years. The Clean Energy Council’s Code is a voluntary system that solar retailers can sign up to with the aim of meeting best practice standards for consumers and the industry. ACCC Deputy Chair […]
PricewaterhouseCoopers (PwC) has released their submission to the Tax Reform White Paper process, calling for a need to hold no “sacred cows or panaceas” when reviewing the country’s tax system. Tom Seymour, PwC Managing Partner Tax and Legal, said the nation would not see housing become more affordable, or see a rise in job security […]
Australia’s small businesses are said to be receiving a tax cut in tonight’s budget, part of a portfolio that Small Business Minister Bruce Billson described as “delicious” and “delightful”. Mr Billson told ABC radio that the tax cut, expected to be of at least 1.5 per cent, aims to boost and encourage the small business […]
The Abbott Government is to provide telecommunication companies and internet service providers with $131 million in order to help cover the cost of storing customer metadata over the next two years. The $131 million is part of the $450 million injection by the Government to strengthen national security, an anti-terrorism venture that will be included […]
The Abbott Government has today released a draft legislation put forward to further protect small businesses from unfair contract terms. Businesses with less than 20 employees undertaking transactions under $100,000, or under $250,000 for contracts that go over a year, are to be the main beneficiaries of the new laws, which the Government says are […]