How government can aid SMEs' cash flow
There’s a strong and reasonable demand from SMEs for legislation to enforce standard payment terms, the lack of which is restricting revenue generation for many of these businesses. Read More
News
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Monday, July 16 2018 -
Budget reforms set to combat illegal phoenixing with extension of DPN to GST
Monday, June 18 2018 Previously in the Director Penalty Regime, directors had to specifically ensure payment of unpaid company PAYG tax and Superannuation Guarantee Charge (“SGC”). This meant that Director Penalty Notices (“DPNs”) generally only had an impact on companies with employees. However, the government has overhauled and reformed the Australian corporations and tax laws in the 2018 Federal Budget. Read More
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Federal government uses budget intiatives to further clip the wings of phoenix operators
Monday, June 18 2018 Budgetary measures to clip the wings of directors of so-called “phoenix companies” by way of legislative extensions to the Director Penalty Regime, will cost taxpayers a modest $40m over the forward estimates. Read More
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Are SMEs shunning an excellent instant assest write-off scheme?
Monday, June 18 2018 You’d think SME owners would be making the most of the tax break available to them by the Federal Government’s Asset Write Off Scheme. But 60% of them aren’t. Why? Read More
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Changed SA shopping laws would signal start of new era
Tuesday, April 17 2018 The onus is on the new Liberal Government to improve SA’s image without delay by deregulating shopping hours – although delay could be a distinct possibility given membership changes in the Legislative Council as a result of the recent election. Read More
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Ignore history's lesson about the ides of March and look a fool come April
Tuesday, April 17 2018 Ever since Caesar ignored warnings about the Ides of March, things have tended to go wrong for a lot of people about the middle of that month. Not of course as seriously wrong as they did for Caesar, but bad enough to be life changing for many business owners bankrupted around that time each year. Read More