Leak reveals government plan to bring forward small business tax cuts and change $20,000 instant asset write-off

SmartCompany, September 5, The federal government is seeking to bring tax cuts aimed at Australia’s small and medium businesses into effect four years earlier than originally planned, costing the government $3.6 billion over four-year forward estimates. Treasury costings leaked to Fairfax reportedly reveal the government has decided to adopt industry calls to bring forward the already legislated tax cuts for companies …

Give unfair contract laws teeth, says competition boss

We’re most pleased to see the head of the Australian Consumer and Competition Council (ACCC), Rod Sims, call for the unfair contract laws to be given ‘teeth’.  Good on you, Rod. We back you on this one! The unfair contract laws for small business passed parliament in late 2015. We called the laws ‘A welcome disruption to the economy.’ The passing …

Tax authority admits secret deals to protect the rich—targets small business instead

Here’s an amazing admission. The United Kingdom tax authority, HMRC, has admitted that it does secret deals to avoid damaging the reputation of the most powerful members of society, allowing them to escape prosecution for financial crimes. But it still prosecutes small business people! Gob-smacked? Yep! Talk about one rule for the rich and another for the ordinary person. We …

Cash payments crackdown to close “loophole” allowing businesses to deduct “non-compliant” payments

SmartCompany, September 18, 2018 A participant in the federal government’s Black Economy Taskforce has welcomed reforms that will prevent businesses from claiming deductions on cash payments to employees if they haven’t properly met their tax obligations. The changes, set to be introduced to parliament later this week, will crack down on cash payments, The Australian reports. If passed, the reforms …

“Administrative nightmare”: Labor bid to scrap superannuation threshold would hit small business

SmartCompany, September 24, 2018 Employer groups and accounting experts say Labor’s plan to abolish the Superannuation Guarantee threshold will saddle small businesses with higher costs and administrative headaches. Nestled in its wide ranging superannuation policy announcement last week, Labor committed to changing the rules so that employees that earn less than $450 per month from an employer will be entitled …

Fair Work fines cleaning contractor $144k for underpaying casual workers

The Australian, September 25, 2018 (EXTRACT) A cleaning contractor with a “history of non compliance” has been penalised $144,000 for underpaying three casual workers more than $10,000. The Federal Circuit Court ordered David Leslie Hinchcliffe pay $25,000 and his company Davdot pay $119,000 for underpaying the trio, two of whom were migrant workers. The three employees performed cleaning duties at …

Small business backs ‘perma-flexi’ worker plan

The Australian, September 26, 2018 (EXTRACT) Small Business Ombudsman Kate Carnell has lent support to an ­employer push to create a new “perma-flexi” employee category, as unions warned mining ­companies that they could be ­complicit in breaking the law following a precedent-setting court ­judgment. The NSW Business Chamber has applied to the Fair Work ­Commission to create the ­employee category in a …

MESSAGE FROM OUR CEO – AUGUST 2018

DEMISE OF SMALL BUSINESS VOICE: It is with profound concern that small business organisations, traditionally the voice of small business, in particular, business associations, chambers of commerce and industry associations are experiencing a demise in their membership numbers, while more significantly recently some have ceased to exist. Conversely, at the same time new networking organisations, that are not voices for …