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161 Low productivity, high taxes strangling SME growth ...: A new major research paper has identified significant headwinds for Australian SMEs and called for radical reforms to reverse slowing productivity rates and remove restrictive tax policies. The Institute ...; 26 September 2018 in Growth
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162 R&D tax incentive changes introduced ‘by stealth’ ...: The government’s proposed R&D tax incentive changes have been released under the guise of a new omnibus bill targeting multinationals, suggesting that the government is attempting to pass the bill “by ...; 24 September 2018 in Finance
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163 Tax office warning on additional income ...: Cash payments, jobs on the side… it may be easy to overlook or tempting to not declare. But the ATO is warning all taxpayers that it is on the lookout for undeclared income – with stiff penalties for wrongdoers ...; 19 September 2018 in Finance
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164 Automatic tax returns could become reality ...: Australian taxpayers would have their tax returns automatically pre-filled, reducing the need to visit a tax agent, if recommendations from a parliamentary inquiry are enacted. The House of Representatives ...; 18 September 2018 in Technology
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165 Victoria ‘worst performer’ on payroll tax ...: Victoria now holds the title of worst performer when it comes to payroll tax, the state’s business chamber has claimed, after other states unveiled plans to lift the burden off small businesses. According ...; 12 September 2018 in Finance
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166 Tax cut alternatives floated amid Senate stalemate ...: The government has been urged to consider alternatives of slashing the corporate tax rate to deliver tax cuts, including a beefed up version of the instant asset write-off that Labor has proposed. With ...; 11 September 2018 in Finance
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167 $53m worth of tax time errors detected so far ...: The ATO has corrected more than 112,000 tax returns so far this year, boosting its revenues by over $53 million and highlighting common errors tripping up taxpayers. In July and August, close to 5.8 ...; 10 September 2018 in Finance
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168 State moves to scrap payroll tax for small business ...: Could the announcement that one Australian state will abolish payroll tax for small businesses signal the beginning of the end for one of the biggest bugbears in business? In its state budget this ...; 06 September 2018 in Finance
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169 Deciphering Australia’s two company tax rates ...: With the government’s plan to cut the corporate tax rate now in tatters, many business leaders have been left confused about the actual rate of tax they are paying: a situation the ATO is attempting to ...; 27 August 2018 in Finance
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170 ‘Criminal’ tax agent loses appeal against ban ...: Criminal convictions and a lack of transparency have seen a tax agent deregistered and banned from practicing, after he fought to overturn the industry body’s decision to stop him from practicing. The ...; 23 August 2018 in Growth
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171 Tax rules for multinationals pass parliament ...: Federal parliament passed new legislation to give force to an international convention, which purports to lessen multinational tax avoidance. On Thursday (16 August, 2018), amendments to the International ...; 17 August 2018 in Finance
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172 I’m in tax trouble, what do I do? ...: Thousands of Australians are likely to receive some ominous-looking letters this year as the Tax Office cracks down on incorrect claims, a tax agent has claimed. According to ETax senior agent Liz ...; 15 August 2018 in Finance
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173 ‘Mess’ of 125 taxes suffocating business: Tax Institute ...: An “unnecessary array” of taxes and inefficiencies has been presented to the government, but the road to reform continues to be hindered by the political system, according to the Tax Institute. Facing ...; 13 August 2018 in Finance
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174 Healthcare industry facing payroll tax crackdown ...: A business law firm is warning operators in the medical and healthcare space to prepare for payroll tax authorities to cast a close eye over their industry in the coming months. In a note to clients, ...; 09 August 2018 in Finance
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175 ATO error forced employers to pay too much tax ...: The tax office has admitted to making an error on its tax withholding calculator, which may have caused some employers – especially microbusinesses – who used it to withhold more than what was required. ...; 09 August 2018 in Finance
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176 ‘Tax overseas jobs, not Australian ones’ ...: A new idea to overcome the payroll tax burden on business has been proposed, which would see the unpopular tax retained but refocused on the types of jobs it taxes. In response to the debate around ...; 08 August 2018 in Finance
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177 SMEs deny claims tax cuts are wasted ...: Business owners have angrily defended tax cuts to SMEs, refuting an economist's claims that these have been wasted and that the same tax rate should apply equally to all businesses regardless of size. Prominen ...; 08 August 2018 in Finance
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178 Technology tax proposal divides SME opinion ...: Business leaders have been left deeply divided over a novel idea to scrap payroll tax in favour of a technology tax in a bid to boost job creation. While nobody in the business community holds love ...; 07 August 2018 in Finance
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179 SMEs don’t deserve lower tax rates: Economist ...: A prominent Australian economist has said that lower taxes for small businesses have done nothing to boost employment, with the sector actually creating less jobs despite receiving more in their pockets ...; 06 August 2018 in Finance
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180 Exclusive: ‘Replace payroll tax with technology tax’ ...: If governments were serious about job creation, they would abandon the counterproductive payroll tax and instead introduce a tax on technology that eliminates jobs, it has been claimed. Commenting ...; 06 August 2018 in Finance