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Top Inside Small Business News

Chalmers backs down on super indexing, puts in higher tax rate for accounts with $10m

Taxes · Australia

Chalmers backs down on super indexing, puts in higher tax rate for accounts with $10m

Coverage: 13 sources

Treasurer Jim Chalmers has announced six changes to the government’s controversial superannuation tax legislation – including a new $10 million threshold.See the Story

Federal court decision to challenge salaried employment

Australia · Australia

Federal court decision to challenge salaried employment

Australian business groups say a federal court judgment regarding historical entitlements of salaried staff under the General Retail Industry Award (GRIA) will be “far-reaching and add further complexity and red tape” to salaried employment across all industry sectors. In a joint statement, the Australian Chamber of Commerce and Industry (ACCI), Business Council of Australia (BCA), Australian Industry Group (Ai Group), Australian Retailers Assoc…See the Story

Business Group Pushes for US-Style Loan Guarantees as Retirement Wave Looms

Australia · Australia

Business Group Pushes for US-Style Loan Guarantees as Retirement Wave Looms

Could a US-style loan scheme save thousands of Australian businesses from closure as owners retire? What’s happening: Coraggio, representing private business owners, is urging the Federal Government to introduce a US-style loan guarantee scheme to help buyers acquire existing businesses as hundreds of thousands of ageing owners prepare to retire, with 22% of small business owners now aged 60 or over. Why this matters: Without succession support,…See the Story

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