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Small businesses scammed out of $2.2 million: ACCC figures

by Shared by The Sydney Morning Herald | Feb 18, 2016 | News

The watchdog received 4,932 complaints over the last six months relating to small businesses, slightly down from the 5,020 it recorded in the first half of the year.Read the full story at The Sydney Morning Herald.

Tax breaks on rentals and super unfair to young

by Shared by The Sydney Morning Herald | Feb 17, 2016 | News

The result has been described as a “double hit” on younger Australians, who are being sold a myth that the budget-busting concession regime is in place to help them get ahead. Instead, it is overwhelmingly older, wealthier people who access the breaks to...

Budget blowout of $370 million for small business instant asset tax write-off

by Shared by The Sydney Morning Herald | Feb 3, 2016 | News

The government’s annual Tax Expenditures Statement shows the accelerated depreciation measure which allows small businesses to claim up to $20,000 in immediate deductions for assets will cost $2020 million over 2017 and 2018 financial years.Read the full story...

Kate Carnell quits business lobby to become first small business ombudsman

by Shared by The Sydney Morning Herald | Feb 1, 2016 | News

Small Business Minister Kelly O’Dwyer has chosen Kate Carnell, who until recently led the Australian Chamber of Commerce and Industry [ACCI] and who is also a former ACT chief minister, to fill the newly created position for a five year period.Read the full...

ATO turns its eye to tax avoidance via trusts

by Shared by The Sydney Morning Herald | Jan 22, 2016 | News

The ATO has told Fairfax Media it is conducting a pilot program to determine whether trusts are complying with tough anti-avoidance rules when they distribute income to tax-exempt beneficiaries.Read the full story at The Sydney Morning Herald.
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