MESSAGE FROM OUR CEO – 12 January 2018

THE FRANCHISE TRAP: In an item screened on Channel 9’s A Current Affair on Monday evening was the appalling story of numerous franchisees being ripped off by their franchisor, a wealthy Gold Coast businessman operating as RFG. “It felt like a trap, even after we told them we can’t afford it,” “In a statement to A Current Affair, “Sara Bradford …

$20,000 instant asset write-off

www.ato.gov.au/Newsroom/smallbusiness/Lodging-and-paying/$20,000-instant-asset-write-off/?sbnews20180117, 2 January 2018 The write-off threshold of $20,000 has been extended to 30 June 2018. If you buy an asset and it costs less than $20,000, you can immediately deduct the business portion in your tax return. The $20,000 threshold applied from 12 May 2015 and will reduce to $1,000 from 1 July 2018. You are eligible to use …

Jobs growth better than in boom years

The Australian, January 19, 2018 Almost 75 per cent of the working-age population now has a job, exceeding the levels reached during the peak of the resources boom, after strong demand from employers generated 400,000 new positions over the past year. Employment growth in 2017 was the best in a decade as business cast off the caution left by the …

Warnings to bin ATO scam email with malware-filled zip file

SmartCompany, January 18, 2018 Businesses are being warned to trash emails purporting to be from the “revenue collection agency”, with a new scam impersonating the Australian Taxation Office landing in inboxes right as staff come back on deck for 2018. MailGuard uncovered the fake message, which uses ATO letterhead, yesterday. The messages include a simple hyperlink to a “tax form”, …

$50K grants for food and drink manufacturers

SBDC e-news – January 2018 The Investor Ready Incentive program is designed to support WA food and beverage SMEs looking to become investment ready, with the capacity to attract investors. Grants of up to $50,000 are available from the Department of Primary Industries and Regional Development to fund approved activities such as engaging professional services to help develop an investment …

Nine top productivity tools for entrepreneurs

SmartCompany, January 15, 2018 Improving your productivity could be as simple as getting the right tools in place. Whether it’s an app to declutter your life or a notebook you can microwave clean, the modern world is filled with tools to get you working smarter. Here are nine top picks from among the very best to boost your productivity in …

Builders Back Boost For Small Business

www.masterbuilders.com.au/Newsroom The Government’s move to extend the duration and expand the eligibility of the $20,000 tax write off, introduced in the Parliament today, will be a boost for small builders and tradies. “Master Builders Australia strongly backs the initiative, particularly lifting the eligibility threshold from turnover of $2.5 million to $10 million, which means thousands more of our members will …

The Community And Small Business Stand To Win From ABCC

www.masterbuilders.com.au/Newsroom Communities around Australia will be the big winners from bringing back the ABCC to tackle the construction unions’ entrenched culture of thuggery and unlawfulness that adds to the cost of construction. “The other winners will be the many ‘mum and dad’ small businesses who are bullied on a daily basis and whose livelihoods are threatened if they dare challenge …

MESSAGE FROM OUR CEO – 12 January 2018

HAPPY NEW YEAR: And, the present for small business from the ACTU is, “. . . a national campaign to restrict rising casual employment across the workforce, pressing for significant changes to the federal workplace laws. . .” And, whilst the “Council of Small Business Australia chief executive Peter Strong accused the ACTU of “making stuff up” by campaigning to …

Hope for small business in tax office monitoring plan

The Australian, January 12, 2018 Australia has taken the first step towards an urgently needed fairer tax system for smaller and medium-sized business. And if we take the next and vital steps it will be an enormous boost for Australian innovation and small/ medium business plus confidence in a tax collection system that currently is in disarray in this sector. …