Budget 2018 – the key issues

Budget 2018 – the key issues

Continuation of small business tax concessions Many of the existing tax concessions for small businesses over the past few years will continue, despite there being no further direct tax relief in the budget. The government is extending the $20,000 instant asset...
Budget spurs continued growth even without ‘sugar hit’

Budget spurs continued growth even without ‘sugar hit’

The Institute of Public Accountants chief executive Andrew Conway told Public Accountant that while “there’s no small business sugar hit in this budget”, he’s thankful that small business tax concessions have been preserved.“In a climate where the government is...
STP to create 10 times more compliance for small business

STP to create 10 times more compliance for small business

Speaking to Public Accountant, BookBoost founder, Don Grgic, said bookkeepers and BAS agents currently need a signature from a client five times a year to lodge compliance documents on their behalf – four BAS quarterly updates and a payment summary once at the end of...
Budget should prioritise ‘national interest’, says IPA

Budget should prioritise ‘national interest’, says IPA

Institute of Public Accountants chief executive, Andrew Conway, said that while budgets and budget replies are inherently political, there is too much at stake for political posturing.“We have very real and growing expenditure pressures on the budget brought about by...
ATO reaffirms car expense claims focus

ATO reaffirms car expense claims focus

Over 3.75 million people made a work-related car expense claim in 2016-17, totalling around $8.8 billion, the ATO said. Around 870,000 of those people claimed the maximum amount under the cents-per-kilometre method. ATO assistant commissioner Kath Anderson said that...