ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...READ MORE
The first data analysis of what small businesses did with their tax cut has revealed half of it was pocketed by the businesses, a quarter invested, a fifth created more jobs and almost none went to wage increases.
Small businesses (less than $2 million turnover) received a tax cut from 30 to 28.5 per cent in the 2015-16 budget, which decreased to 27.5 per cent the following financial year for businesses with revenue up to $10 million.
Read the full article on ABC Online.