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Greens pledge $3 billion wage credit for small business

Greens pledge $3 billion wage credit for small business

by Shared by SMH | May 8, 2019 | News

The policy to be announced on Thursday by Senator Nick McKim would apply to businesses with a turnover of up to $2 million. The Greens small business policies will cost $3 billion over the forward estimates. Read more at the SMH. 
Hefty wage increases not needed, economist suggests

Hefty wage increases not needed, economist suggests

by Shared by MyBusiness | May 8, 2019 | News

“It is not obvious to me that we need massive wage increases,” said Christopher Joye on the Mortgage Business Uncut podcast. Read more at MyBusiness. 
ATO to launch online application system for STR from 1 June

ATO to launch online application system for STR from 1 June

by Maja Garaca Djurdjevic | May 8, 2019 | News

In less than a month, tax agents will be able to apply for a statement of tax record (STR) from the ATO via its new online system. The request will generally be processed within four business days and the subsequently issued STR will be based on details held in the...
PM labels his tax changes ‘tax reform’, re-commits to super tax halt

PM labels his tax changes ‘tax reform’, re-commits to super tax halt

by Shared by Accountants Daily | May 8, 2019 | News

Addressing a NSW Business Chamber function this morning, Mr Morrison said that his party’s tax cuts — the biggest in personal income tax in about 10 years — represent tax reform in Australia. Read more at the Accountants Daily. 
Banks’ appetite for lending to small business drops, survey finds

Banks’ appetite for lending to small business drops, survey finds

by Maja Garaca Djurdjevic | May 7, 2019 | News

According to a survey conducted by specialist business lender GetCapital, this time next year, 62 per cent of business owners expect to be financially better off, while a slim 23 per cent believe they are better off since last year.  Businesses reported that their...
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