“Biggest compliance undertaking since GST”: Everything you need to know about the new single touch payroll laws

Legislation to extend single touch payroll (STP) reporting to businesses with less than 19 employees passed the Senate on Wednesday. The changes were expected to get through, but their passage through the Senate brings the reality of STP reporting for Australia’s smallest businesses to the fore. Businesses will technically be required to be complying with … Read more

‘1984’ style encryption laws will stymie startup growth: founders

Angry members of the country’s startup community say the passing of the government’s encryption legislation on Thursday will curb Australia’s tech export success for decades to come. The ‘Assistance and Access’ bill passed the House of Representatives late on the last sitting day of parliament for 2018, after Labor made the surprise decision to vote through the … Read more

Grants of up to $2,100 for small business cybersecurity checks: Here’s how to apply

Small businesses will be able to apply for up to $2,100 in funding to help get their cybersecurity tested under a new government initiative announced today. Minister for Industry, Science and Technology Karen Andrews said $10 million will be committed to a new grant scheme, designed to address digital security shortcomings among small firms. Businesses … Read more

‘Embarrassing’: Female entrepreneurs hit out at political scene

Some of Australia’s leading female entrepreneurs have delivered a scathing assessment of federal politics, calling out parliament for failing to empower women even as they launch successful companies in record numbers. Speaking at the National Press Club in Canberra on Wednesday, Red Balloon founder Naomi Simson, Business Chicks chief executive Olivia Ruello and Indigital founder Mikaela … Read more

Websites confiscated: Businesses ‘losing everything’ as regulator cracks down on prohibited domains

In 1996, when the internet and websites were still in their relative infancy, digital marketer Craig Lennard purchased the australia.net.au domain for a nominal sum. The small business owner, who has over the years used the website for business and other purposes, including the curation of general information about Australia, was paying about $40 a … Read more

How will Australia’s encryption bill affect the startup ecosystem? And should you be worried?

Australia’s Assistance and Access Bill 2018 — also dubbed the encryption bill — has officially been introduced into parliament and referred to the Parliamentary Joint Committee on Intelligence and Security for inquiry. But there are still concerns the bill could have serious unintended consequences — including for the startup community. The bill is intended to give law … Read more

Uncertainty over research tax incentives reigns as scheme tightened

Australian startups say there’s still uncertainty over what qualifies as “research and development” for tax purposes and legislation that aims to change tax incentive claims won’t help matters. More than $2.4 billion of savings from changes to the research and development tax incentive program were outlined in the May budget. These changes are now working their … Read more

Leak reveals government plan to bring forward small business tax cuts and change $20,000 instant asset write-off

The federal government is seeking to bring tax cuts aimed at Australia’s small and medium businesses into effect four years earlier than originally planned, costing the government $3.6 billion over four-year forward estimates. Treasury costings leaked to Fairfax reportedly reveal the government has decided to adopt industry calls to bring forward the already legislated tax cuts … Read more