New tax breaks for small business from July 1

- July 1, 2020 2 MIN READ

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 »


The news you need to know: September 13, 2019

- September 12, 2019 2 MIN READ

Grab your coffee and kick back with today’s headlines. Here’s the news small business owners need to know on Friday, September 13, 2019. ASIC cracking down on short term lenders The Australian Securities and Investments Commission (ASIC) has finally been granted the teeth to take action against predatory lenders who offer short term loans at… Read more »


Tax cuts could benefit small business and solo operators

- July 5, 2019 2 MIN READ

The government’s tax cuts have passed through the Senate without amendment. From next week low-and-middle income earners with an income up to $126,000 will receive up to $1080 or $2160 for dual-income couples in annual tax cuts, with the tax relief to apply from the 2018-2019 period. In a joint statement to the press, the… Read more »


Breaking: Labor to support tax cuts for small business

- October 12, 2018 < 1 MIN READ

Labor leader Bill Shorten has announced the party will throw its weight behind the Coalition’s move to slash company tax rates for small and medium-sized businesses. The support will fast-track the tax break which was expected to be phased in by 2026-27. With Labor’s support, the tax relief could come into effect five years earlier… Read more »


Small business owners to benefit from tax cuts

- June 27, 2018 < 1 MIN READ

Small Business and Family Enterprise Ombudsman Kate Carnell says the 83 per cent of Australian small businesses turning over less than $90,000 in taxable are set to benefit from the first tranche of income tax cuts which will go into force from July 1. “From 1 July, anyone earning between $19,000 and $90,000 will receive… Read more »