MESSAGE FROM OUR CEO – APRIL 2019

LINKEDIN. In addition to our Broadcast and the Blog on our web site we now have a LinkedIn site with regular postings. Follow us on LinkedIn: https://www.linkedin.com/company/cosba/?viewAsMember=true   MORTGAGE BROKERS: With reference to an article published by SmartCompany on 17 March 2019 under the heading ‘Mortgage brokers rejoice as coalition backflips on trail commission ban,’ reports: “In what can only be considered …

Why the ATO is defying the Coalition over small business tax

The Australian, March 6, 2019 In its final weeks, the Morrison government is engaged in an intense battle with the Australian Taxation Office to determine whether there will be a fair small business tax appeal system, and one that’s not controlled by the ATO. And if the tussle between the government and the ATO is not resolved, then the blatant …

ATO negotiates with big banks on single touch payroll solution as more than 300,000 SMEs lag behind

SmartCompany, February 14, 2019 The tax office is considering turning to the major banks to help implement Single Touch Payroll reporting for micro-businesses as it faces onboarding over 300,000 firms who aren’t using online or digital payroll platforms already. Most businesses still doing payroll manually will be forced to adopt a digital system over the next 12 months after legislation passed …

ATO whistleblower Richard Boyle pays the price

The Australian, February 12, 2019 Arguably Australia’s most significant whistleblower, the man who forced both our major political parties to alter their small business taxation appeal policies, is now set to face a court battle. That’s the cost of being a whistleblower. The Australian Taxation Office whistleblower has been charged with some 66 summary and indictable offences. A number the …

Energy Minister reveals plan to reduce “unreasonable” small-business energy bills

SmartCompany, March 21, 2019 Energy Minister Angus Taylor says small businesses have been treated “unfairly” by energy retailers and are paying unreasonable prices because they don’t have time to negotiate a better deal. Speaking at COSBOA’s energy summit in Melbourne on Wednesday, Taylor spruiked a plan to step into the market on behalf of businesses and enforce a price regulation …

Casual employment: All employers need to know about recent changes and possible claims

SmartCompany, February 26, 2019 Casual employees are often hired by employers to supplement their workforce where they may require work to be performed on an intermittent and ad-hoc basis. The renewed focus on casual employment in 2018 serves to remind employers about the need to actively manage casual employment arrangements. In this post, we step employers through the true nature …

Morrison pledges support for mortgage brokers in face of “industry-destroying changes”

SmartCompany, February 12, 2019 The political temperature surrounding potential sweeping changes to the mortgage broking industry has tempered somewhat over the last day, with Prime Minister Scott Morrison expressing support for the industry. However, brokers remain concerned politicians will push ahead with what they believe are damaging reforms, and are turning to activism to apply additional pressure. They fear banking …

Short-stay rentals draw the short straw

The Australian, February 14, 2019 One of the world’s biggest holiday rental platforms has criticised the Australian government and tourism industry for being out of date and not making decisions in the interests of holidaymakers. HomeAway, the company ­behind accommodation website Stayz, says not one of the 72 men and women on the nation’s eight government-appointed tourism boards represents short-term rental …

Changes give taxman licence to monster small business

The Australian, February 27, 2019 The Morrison government is setting up a much-wanted small business tax tribunal, but even before it starts we see efforts to white-ant its operation. Just how much small business needs an independent tax tribunal was revealed in court by Michael Cranston, the former top Australian Taxation Office official. He was recently found innocent of using his …

If ACTU’s right, let’s aim for a much higher minimum wage

The Australian, March 16, 2019 The minimum wage is currently $18.93 an hour, or $37,398 a year, and is not a “living wage”, apparently. It is more like a dying wage, probably, because anyone who earns it is living a miserable life not worth living, well below the poverty line, regardless of whether they live with other people who earn …