How the ATO will close the tax gap?

How the ATO will close the tax gap?

The tax gap project arose from our desire to build a broad suite of effectiveness measures to assess our performance as the administrator of the taxation and superannuation system in Australia. The purpose of a tax gap is to get an estimate of the difference between...
IPA heralds $2bn fund as win for SMEs

IPA heralds $2bn fund as win for SMEs

Yesterday, the government announced a $2 billion Australian Business Securitisation Fund as well as encouraged the establishment of an Australian Business Growth Fund. The Australian Business Securitisation Fund will invest up to $2 billion in the securitisation...
Changes made to employee share scheme

Changes made to employee share scheme

Under the altered regime, the government said it proposes to simplify and extend the initiative by:   creating a dedicated exemption for disclosure, licensing, advertising and on-sale obligations under the Corporations Act 2001;     increasing the value limit of...
Review into payment times established

Review into payment times established

The review announced by the office of the Australian Small Business and Family Enterprise Ombudsman followed a written request from the Minister for Small and Family Business, Skills and Vocational Education, Michaelia Cash. The ASBFEO included a five-minute survey...
Labor phoenixing proposal has merit, says ASBFEO

Labor phoenixing proposal has merit, says ASBFEO

Shadow assistant treasurer Andrew Leigh said the proposal would enable the Tax Commissioner to name and shame directors who deliberately “burn” companies to avoid their obligations to small businesses, employees and government. In addition, the Labor proposal would...