Small Biz to Benefit from Budget?

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Tweet I read a headline in the Australian Financial Review this morning that “Small Business Wins Tax Write-Off”! Woo hoo I thought. Finally something for small biz. Don’t count your chickens…. On further reading, what the budget actually says is that now I can claim up to $5000 instant write-off on capital purchases, including cars […]

PSI Criteria Update

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Tweet Regular readers will remember when I broke the news to the VA industry that the Labor Government had on its agenda proposed changes to PSI Criteria that would potentially affect over 2 million self-employed and independent contractors (updated on 18 August). This week the Australian Financial Review exposed the fact that the ALP has […]

Update: PSI Criteria Position

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Tweet Since my last post on whether the ALP intends to move ahead with proposed changes to PSI criteria or not for independent contractors here’s an update. Unfortunately, still no news from the ALP’s Craig Emerson – and none from my local ALP member for Maranoa either – despite he was going to “look into […]

PSI Criteria – Changing or not?

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Tweet It’s not as sexy a headline as the Mining Tax but did you know about the Labor Government’s proposed changes to personal services income criteria? I attended the Small Business Summit in Brisbane in July 2010 when  Tony Abbott alluded to proposed changes to be made by the Labor Government should it be returned […]