Finance

Get to know the latest business and finance news across Australia with My Business’ Finance category. This category aims to teach business owners how to finance their business via its repository of financial management resources and articles.

This category focuses on providing relevant information regarding business financials to both new and seasoned business owners through articles that cover topics such as business taxes, business loans, investments and financial regulation.

It also assists businesses to keep up with the latest developments in the business finance sphere, providing expert insights that take apart the complexities of finance and allowing readers to gain a thorough understanding of finance, taxes and loans.

Tax agent suspended after $100k tax shortfall

A company’s tax agent registration has been suspended for 12 months by the Tax Practitioners Board after an audit revealed a shortfall in client tax...

15 Jan 2019

Accountant hits out at plan to cap deductions

The head of an Australian accounting body has hit out at a proposal to limit the deductions for managing tax affairs to $3,000, and expressed concern ...

Aussies filing US returns caught in shutdown chaos

With the US government shutdown entering its third week, concerns have been raised over potential delayed tax refunds to Australians filing US tax ret...

New pricing tool for SME loans launches

Seven fintechs have now become compliant signatories of the AFIA’s Code of Lending Practice and will be rolling out a new tool to help small busines...

Analysis: Here comes support for housing market

The announcement by a bank that it will cut interest rates for new loans to owner-occupiers may signal the start of more measures to support the housi...

Government opens consultation on $2bn SME fund

The federal government has announced that a bill designed to establish a $2 billion SME securitisation fund is open for public consultation. comment...

Spate of tax changes leaves SMEs perplexed

The government’s tinkering of small business tax rates, including its decision to accelerate already legislated cuts has made things “excessively ...

‘Bill us more often’, business tells accountants

Accountants should increase the frequency with which they are billing their business clients, which would provide cash flow benefits to both parties, ...

SMEs unconvinced on plan to boost business lending

Business leaders are sceptical that the government’s $2 billion securitisation fund will reduce the barriers to accessing capital, My Business can r...

‘My bank raised loan repayments without notice’

A bank has been accused of failing to notify a business owner before transitioning their interest-only loan to principal and interest. But My Business...

Unpaid super bills blowing out

The rate of unpaid superannuation has gotten markedly worse, a new report has found, leading to calls for new laws to force SG to be paid more freque...

ATO opens up on what triggers an audit

Being audited is a dread or even fear common to virtually all businesses and taxpayers alike. My Business asked the ATO to reveal what red flags usual...