Small Business are PEOPLE

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Tweet On Sunday 9 October 2011, Peter Strong, Executive Director of the Council of Small Business of Australia appeared on Meet the Press. He spoke about the frustrations of small business over tax compliance and the government’s red tape, the carbon tax, and the Greens’ plan to cut small business tax from 30 to 25 […]

October 2011 Tax Forum

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Tweet The proposed tax forum which was to take place before June 30 is now scheduled for October 4 and 5. But it seems what was originally meant to be an opportunity for small business to have a voice in tax reform is actually turning into a tax seminar controlled by the Treasurer with topics […]

Would you buy a car from this man?

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Tweet Here’s an example situation – one which I know has been happening around and about of late: A carpentry business employs tradesmen carpenters. The boss tells his tradesmen that they would be better off as contractors to the business because they can charge a higher hourly rate than he currently pays them, and they […]

Insurance Burden for Tax Agents?

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Tweet Do you provide BAS services for clients? The Australian Financial Review reported last week (29 October) that the Tax Practitioners Board have declared that all tax and business activity statement agents must have professional indemnity insurance. As the TPB has not specified a minimum turnover in the recently released exposure draft for its new […]

GST – Never Assume

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Tweet Recently there was a discussion amongst VAs about GST (goods and services tax) and whether it should be assumed it’s included or not when negotiating rates with subcontractors. The main contractor VA got a bit of a shock when her subcontractor submitted an invoice for work including GST. So if you don’t charge GST […]