Unfair contracts claim business scalp

Unfair contracts claim business scalp

Advanced Hair was brought up in the ACCC for concerns that contract terms issued to customers of its Advanced Laser Therapy Program between April 2015 and June 2017 were unfair. Read the full article on My Business.
Payroll tax strangling employment growth

Payroll tax strangling employment growth

With the World Economic Forum criticising Australia for restrictive labour regulations and tax rates, which are contributing to its underperformance in comparison to other countries in terms of global competitiveness, businesses have criticised the very notion of...
Can you write off a car purchase on your taxes

Can you write off a car purchase on your taxes

The $20,000 tax break allows small businesses to claim an immediate tax deduction for all assets acquired for business use. The assets that are subject to the deduction includes any equipment and could even include motor vehicles.Read the full article on My...
‘Puzzling’ omission in super reforms

‘Puzzling’ omission in super reforms

The Australian Taxation Office (ATO) recently received new powers as part of reforms aimed to close the ‘Superannuation Guarantee gap’ – referring to the gap between the amount of super contributions Australian employers are expected to make, and the amount they...
Accounting firm calls on ATO to get tough on expenses

Accounting firm calls on ATO to get tough on expenses

KPMG referred to ATO data that revealed 8.6 million Australians claimed work-related expense deductions to an aggregate value of $22 billion on their tax returns, resulting in a reduction in the ATO’s tax take of between $7 billion and $10 billion.Read the full...