Using the ATO ‘as a bank’ by not paying tax commitments on time comes with new risks for SMEs.
Red tape and taxes account for half of a house and land package
Red tape and taxes account for half of a house and land package
“Half of the cost of a house and land package in Sydney is red tape and taxes,” stated Tim Reardon, HIA’s Chief Economist.
Tax deductions for small business owners
Tax deductions for small business owners
Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.
Tax time tips for small business
Tax time tips for small business
The Taxation Office is lending a helping hand to nearly four million small businesses to get their tax right this tax time.
‘Cash in hand’ payments to workers no longer tax deductible
‘Cash in hand’ payments to workers no longer tax deductible
The Australian Taxation Office (ATO) has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.
Passage of tax cuts benefits all Australians
Passage of tax cuts benefits all Australians
The Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network, warmly welcomes the passage of the personal income tax package through the Senate.
APRA lending guidelines and income tax cuts provide welcome confidence boost
APRA lending guidelines and income tax cuts provide welcome confidence boost
APRA’s decision on residential mortgage lending guidelines and successful passage of the Federal Government’s personal income tax cuts package will provide a welcome shot of confidence for the property sector at a critical time for the Australian economy.
Tax reform benefits should not be underestimated
Tax reform benefits should not be underestimated
“The expected passage through the Senate today (July 4 2019) of the Government’s personal income tax reform program is important in its own right and an encouraging start to the new term of the Parliament,” Ai Group Chief Executive, Innes Willox, said.
More good news for housing affordability
More good news for housing affordability
“The passing of the Federal Governments income tax package, means that millions of Australians will have extra income to put towards a deposit for a new home,” stated HIA’s Managing Director, Graham Wolfe.
States suffer under stamp duty
States suffer under stamp duty
“Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue,” explained HIA Chief Economist, Tim Reardon.