Royal commission hits SME funding

Royal commission hits SME funding

Capital finance provider Scottish Pacific commissioned a survey of 1,257 owners and senior managers of Australian SMEs, across the spectrum of industries, and found that 22.2 per cent have already found it more difficult to access finance because of the royal...
STP ‘designed to work with, not against, business’

STP ‘designed to work with, not against, business’

Matthew Addison, executive chairman of the Institute of Certified Bookkeepers (ICB), said that great care and effort has gone into the development of Single Touch Payroll (STP), and that the tax office has been consulting with a wide variety of stakeholders —...
ATO cautions on deductions for worker payments

ATO cautions on deductions for worker payments

In an online update, the tax office said that from 1 July 2019, deductions covering payments made to employees and contractors will only be available to businesses that have met the pay-as-you-go (PAYG) withholding obligation covering the payments. Read more at...