It’s a new financial year and with it comes a series of tax breaks that should see small and family businesses left with more money in their pockets. In October 2018 the government passed the Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Bill which brought forward a series of tax cuts for… Read more »
Following lobbying from small business advocates and the opposition, the Morrison government has announced it will extend the $150k instant asset write-off until December 2020. Businesses making up to $500 million per year will be able to write off new assets worth up to $150,000 each under the extended scheme which was part of a… Read more »
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is encouraging small businesses to have their say on a draft law requiring big businesses to be more transparent about their payment times. Today the federal government opened consultation on the draft Payment Times Reporting Framework legislation that will require businesses with a turnover of… 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 »
As the Coalition gets set to commence its third term in government, Prime Minister Scott Morrison has announced his new cabinet which includes a record, seven women. Amongst those gaining a spot on the frontbench are Bridget McKenzie as the first female leader of the Agriculture portfolio, Sussan Ley, who returns to cabinet taking up… Read more »
The Minister for Small and Family Business, Michaelia Cash has put the nation’s biggest corporations on notice, following the government’s commitment to improve payment times for small businesses. 3000 of the nation’s leading corporations are being called upon to take part in a payment reporting scheme which would require them to publish how long it… Read more »
The government’s announcement of a $3.6 million package to support the mental health of small business owners has been welcomed by the SMB community. The package announced by Michaelia Cash, this week, will focus on providing practical support to small business owners with the majority of the funding going to the recently launched Ahead for… Read more »
Minister for Small and Family Business, Senator Michaelia Cash, has announced the Small Business Digital Champions project. This new government initiative will provide select small businesses from around the nation with a digital transformation valued up to $20,000. The initiative hopes to provide real-time case studies that will serve as a source of inspiration for… Read more »
Minister for Small Business, Skills and Vocational Education, Michaelia Cash has described small business as the bedrock of the community and pledged government backing to the sector whilst delivering the opening keynote at the Vodafone National Small Business Summit in Sydney this morning. Cash cited the nation’s strong economic growth and low unemployment figures as… Read more »
Former Jobs and Innovation Minister Michaelia Cash has taken her place in Scott Morrison’s Cabinet as the new minister for Small Business, Skills and Vocational Training. Cash takes over from Craig Laundy who had requested he not be considered for a ministership with the new government. The move elevates the Small Business portfolio to the front bench… Read more »
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