small business

Financial planning

Targeting the time-poor business owner market in advice

With less than one-third of Australian business owners seeing an adviser, Business Health has detailed how advice practices can successfully target this underserved clien...

Policy & Regulation

SMEs urged to take stock of mental and financial wellbeing in 2023

The Australian Small Business and Family Enterprise Ombudsman has stressed the importance of rest and reflection as one in five small business owners are diagnosed with ...

Policy & Regulation

New payment bill will protect small business: IPA

A new bill before parliament, which would require large businesses to publish policies on payment times, will help protect small business cashflows, according to the Inst...

Policy & Regulation

ATO says 90% of small business income tax paid voluntarily

The ATO has revealed 90 per cent of income paid by small business is voluntary, with that same percentage using a registered tax professional....

Policy & Regulation

AFCA unveils strategy, brand ahead of launch

The new ombudsman vows to “proactively work with consumers, small business and the financial services sector to resolve and reduce financial disputes”....

Policy & Regulation

Planning firms to benefit from $20,000 instant asset write-off

Most financial planning businesses will be eligible for a $20,000 instant asset write-off as part of legislation which passed the Senate on Wednesday....

Superannuation

Small business claims super disadvantage

The Council of Small Business Organisations of Australia wants small businesses absolved from their superannuation guarantee obligations, claiming the only groups to bene...

Superannuation

Pay us to collect the SG, says small business

Small businesses should be paid a 10 per cent rebate by superannuation funds to collect superannuation guarantee contributions, according to the small business lobby....

Financial planning

O’Dwyer seeks answers from ATO

The Government has sought answers from the Australian Taxation Office regarding its conduct after accusations were levelled at its treatment of small businesses on ABC’s ...

Financial planning

ATO seeks to soothe small business

The Australian Taxation Office deputy commissioner – small business has sought to reassure small business that the Office is acting in their best interests....

Superannuation

“Draconian” SG non-compliance penalties damaging small businesses

The Institute for Public Accountants has slammed penalties for super guarantee non-compliance as “draconian,” saying that they could be very damaging to struggling small ...

Financial planning

ABA welcomes changes in banking code’s review

The ABA has supported the vast majority of recommendations and welcomed the final report of the Code of Banking Practice....

Superannuation

Business sales may have huge impact on super

Small business owners should be aware that sales of their business assets can trigger concessional and non-concessional issues, according to the SMSF Association....