Tuesday, 15 May 2012
The latest federal budget has focused attention on Australia’s best-paid super fund members – an estimated 128,000 individuals who earn more than $300,000 a year from their employment, businesses and non-super investments. ...
Resources will drive the sharemarket – but there is little joy elsewhere: Gottliebsen
Tuesday, 11 January 2011
As the institutions look into their 2011 crystal ball they see higher stock market prices driven by the big and small miners and the groups that supply those companies. ...
Attention retailers: Ignore your Association’s cynical tax concession bid
Thursday, 09 December 2010
It's not often that the stuff of blogs like this makes it to the front page of our newspapers and the headline of our television news. ...
ATO warns on charity tax scam
Tuesday, 07 December 2010
The Australian Taxation Office has given taxpayers until the end of January 2011 to come clean on their involvement in a charity tax scheme that allows participants to claim tax deductions of up to $20,000 for supposed donations of $2,000. ...
Job ads rise 2.9% during November, Inflation gauge heads higher: Economy Roundup
Monday, 06 December 2010
Job advertisements published in newspapers and online rose for a seventh consecutive month in November, according to the ANZ Job Advertisements index. ...
ATOs stance on private equity profits still a sticking point: Bartholomeusz
Thursday, 02 December 2010
It has taken the Australian Taxation Office 12 months to come to the same conclusion about the structure TPG used to shift the $1.5 billion of profits it made from floating Myer to the Cayman Islands as it did a year ago. In the meantime, the private equity ...
Lodge it or lose
Thursday, 02 December 2010
Many families, including those of SME owners, receive Family Tax Benefit (FTB). It is divided into FTB Part A and FTB Part B. As with many social security benefits, Family Tax Benefit is (unfortunately) linked with the tax system. ...
ATO warns part-time entrepreneurs not to confuse a business with a hobby after the case of the 1,200 turtles
Wednesday, 01 December 2010
Entrepreneurs must ensure they distinguish a business from an income-earning hobby or risk tax evasion penalties, the Australian Tax Office has warned. ...
Baillieu to move quickly on stamp duty, public transport reforms
Tuesday, 30 November 2010
Victorian Liberal leader Ted Baillieu has now officially taken power, after John Brumby conceded defeat yesterday afternoon, ending an 11 year run for the Labor Government. ...
Public servants caught for improper internet use
Tuesday, 30 November 2010
A new report tabled in Parliament last week reveals hundreds of public employees have been investigated for "improper use of the internet or email" during the 2010 financial year. ...
Business profits fall in third quarter, government promises carbon price for 2011: Economy Roundup
Monday, 29 November 2010
Corporate gross operating profits fell by a seasonally adjusted 1.5% during the third quarter of the year to $US66.8 billion, according to the latest figures from the Australian Bureau of Statistics. ...
R&D tax credit scheme delayed again as critics call for changes
Friday, 26 November 2010
Critics of Industry Minister Kim Carr's R&D tax credit scheme have called for the Government to submit the bill to another review, after the Government conceded it will have to wait until early 2011 to get the bill through the Senate. ...
Government to crack down on directors that fail to make super payments
Thursday, 25 November 2010
The Government has announced it will extend its director penalties regime to crack down on directors of companies that fail to make super guarantee payments on behalf of employees. ...
Why the ATO is targeting DIY super funds
Thursday, 25 November 2010
Self-managed super funds (SMSFs) have grown spectacularly in recent years and that growth seems to be continuing. However, the key regulator of the sector, the Tax Office, continues to remind funds about compliance and related issues. ...
iiNet brings development in-house as new R&D legislation stalls in Senate
Wednesday, 24 November 2010
iiNet, the country's third-largest telecommunications company will establish an in-house research and development division to create new products and "future-proof" the business, managing director Michael Malone announced yesterday. ...
Australian Crime Commission gives up in Paul Hogan criminal investigation
Wednesday, 24 November 2010
Paul Hogan's five-year battle with the Australian Crime Commission over the use of offshore tax havens has ended, with the Crime Commission deciding to discontinue its criminal investigation of the iconic entertainer. ...
Groups prove to be social networking’s ‘killer app’ for SMEs
Wednesday, 24 November 2010
In the past, the biggest obstacle to SMEs adopting highly effective promotional tactics was money, or lack of it. ...
Three more company collapses show recovery remains patchy
Tuesday, 23 November 2010
The patchy nature of Australia's economic recovery has been highlighted again with administrators putting three very different failed companies on the sale block. ...
Victoria named best state for business but BCA warns all governments must shape up
Friday, 19 November 2010
Victoria has been ranked as the best state for doing business in a new scorecard released by the Business Council of Australia, with the ACT and Tasmania listed as the worst due to excessive red tape, regulation and poor consultation processes. ...
David Jones sales up in first quarter, Twitter considers new capital raising: Economy Roundup
Thursday, 18 November 2010
Retail giant David Jones has recorded a 3.2% increase in first-quarter sales on a statutory basis, with like-for-like sales up from $452.1 million to $466.6 million in the three months to October 30. ...






