Business Advice

In a Senate committee on Friday, Google faced questions about its market dominance in search and AI, as well as the possible use of AI during the hearing.

The Coalition will seek to reverse a set of new and highly controversial rules for tax practitioners, arguing they will impose unnecessary red tape on accountants and bookkeepers.

Would small business awards handed down by the Prime Minister, or formal accreditation for those who pay suppliers on time, help to re-energise the SME sector? Australian Small Business and Family Enterprise Ombudsman Bruce Billson believes so.

Early signs point to yet another parliamentary showdown over the instant asset write-off scheme, as both Coalition senators and independent crossbencher Senator David Pocock say the small business tax break should expand beyond the government's latest proposal.

A federal cabinet reshuffle will see new faces in the employment, workplace relations, and skills and training portfolios, with Minister Tony Burke set to inherit home affairs, immigration, and cyber security responsibilities.

Minister for Skills and Training Brendan O'Connor and Minister for Indigenous Australians Linda Burney have resigned from the ministry and will not contest the next election, kickstarting a reshuffle of the Labor government's cabinet.

A petition against "unfair and unworkable" changes to the rules governing tax agents has closed with more than 2,000 signatures, calling on Assistant Treasurer Stephen Jones to reconsider the August 1 shake-up.

This comes as the CFMEU's construction division has been accused of taking kickbacks, being linked to organised crime and employing standover tactics on worksites.

How do we generate productivity in small business? The answer involves right-sized regulation, encouragement, digital uplift, and reduced compliance costs, said Council of Small Business Organisations Australia chair Matthew Addison.

As the final vote is tallied, here is an overview of what new Labour Party leadership could mean for traders at home.

The federal government should consider splitting the Australian Securities and Investments Commission in two while dramatically increasing its ability to penalise white-collar crooks, according to a scathing Senate committee report.

Small businesses will be free to claim immediate tax deductions under the $20,000 instant asset write-off scheme, and seek a bonus 20% deduction on energy-efficient upgrades, after a contentious and long-delayed bill passed in Parliament Tuesday night.