Research by Reckon has revealed small business owners are feeling the stress of compliance as the July 1 deadline for compulsory single touch payroll reporting approaches. Half of the business owners canvassed for Reckon’s ‘In the Zone’ study confirmed they are already sacrificing health and wellbeing in order to stay on top of the admin… Read more »
A survey of over 1000 small business owners by accounting solution Reckon has found more than two-thirds believe the current government is not doing enough to help small business. SMB owners cite increasing red tape, poor tax concessions and increased compliance processes as major problems that need addressing. 52 per cent of those surveyed suggest… Read more »
In this year’s budget, the government vowed to tackle the $50 million that goes untaxed in Australia each year — commonly known as the black economy. The initiative isn’t designed to penalise compliant small businesses, but new regulations mean there will be significant changes for all. Incentives to encourage better accountability and reporting are also… Read more »
The SuperStream compliance deadline is fast approaching for employers with 19 or fewer employees. Reckon Limited estimates more than 300,000 SMEs are still at risk of not complying with the new standard for processing superannuation data and payments electronically.
Tax cuts handled down in the 2016 Federal Budget have been largely welcomed by small to medium-sized enterprises.