The Australian Tax Office (ATO) is alerting small business owners and individuals to beware of scammers taking advantage of tax payment deadlines to con people into paying out funds. Historically the period from November to January is the peak time for cybercriminals to hit unsuspecting businesses. The ATO reports over $2 million was lost by… Read more »
The ATO is urging small business employers who’ve not yet made the switch to Single Touch Payroll (STP) to get in touch if they need help to transition. Small employers with 19 employees or fewer are now required to start reporting through STP but ATO Assistant Commissioner Jason Lucchese said there was still time for… Read more »
Did you miss today’s news? Check out the latest headlines that matter to small business owners with our daily briefs. Here’s what you need to know on Monday, November 4 2019. Government plans independent review program for ATO complaints Following record complaints against the ATO, taxpayers and small business owners could get a fairer deal… Read more »
Check-in on the news that matters to small business owners as we unpack today’s headlines. Here’s what you need to know on Thursday, October 24 2019. Westpac remediation and misconduct costs to hit $2billion Finance analysts are tipping Westpac’s remediation costs following the fallout of the Royal Commission are set to hit $2 billion as… Read more »
Catch up on today’s headlines as we break down the news small business owners need to know on Friday, October 18, 2019. ATO warns taxpayers to lodge before October 31 deadline The Australian Taxation Office (ATO) is calling for people to lodge their tax returns by the October 31 deadline or miss out on refunds.… Read more »
Skipped today’s headlines? Don’t stress. Catch up on all the news that matters to small business owners. Here’s what you need to know on Thursday, September 12, 2019. ATO to go after super nonpayers The ATO has announced plans to go after 25,000 employers that are failing to pay their employees super. However, Industry Super… Read more »
Grab your daily dose of all the news that matters to small business owners. Here’s what you need to know on August 29, 2019. Afterpay shares surge Big news for the buy now pay later finance option Afterpay, with shares up by almost 10 per cent yesterday. The homegrown fintech now has over 5 .2… Read more »
The Council of Small Business Organisations Australia (COSBOA) today announced their support of the Australian Taxation Office (ATO) and the government in pursuit of those who deliberately scam the tax system. Speaking on behalf of COSBOA, Peter Strong, CEO noted the release of the tax gap for small business (12.5 per cent) and stated that… Read more »
Stay up to date with all the news that matters to small business owners with our daily news briefs. Here’s what you need to know on August 23, 2019. A new law proposed by the Government that will allow the ATO to disclose the tax debts of small business owners to credit reporting agencies is… Read more »
The beginning of the new financial year can be a transformative time for small-to-medium businesses (SMBs) in terms of reviewing finances and making important business decisions about the year ahead. Technology can help SMBs ensure their tax duties and reporting are accurate and useful – saving time, boosting compliance, budgeting more effectively, to position them… Read more »
For small businesses, the 2018/19 finish line is in sight. At midnight on 30 June, the financial year ends, the books are closed and businesses report their financial situation to the Australian Tax Office (ATO). Matthew Prouse from Xero provides five tips to help small businesses make the most of this busy time and keep stress… Read more »
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell will look into historical cases where a small business is disputing an assessment by the Australian Taxation Office (ATO) and the ATO has commenced early action to recover the debt. At the request of the Minister for Small and Family Business, Skills and Vocational Education,… Read more »
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