Wayward bullets: more small business tax concessions
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Date
2009
Authors
Kenny, Paul
Demosthenous, Marios
Journal Title
Journal ISSN
Volume Title
Publisher
Accounting and Finance Association of Australia and New Zealand
Rights
Rights Holder
Abstract
With the advent of the global financial crisis, this is clearly a challenging time for
small business. Whilst the former Coalition Government introduced a succession of
small business incentives, as commentators have noted these ‘benefits' are somewhat problematical. In light of the recent Labor Government proposals for further
small business incentives (the 20 per cent PAYG instalment reduction and the bonus
depreciation deduction for businesses) and the current review of Australian taxation, Australia’s Future Tax System, (hereinafter known as the Henry Review), this paper
examines the small business entity (SBE) tax concessions. This paper calls for a more
targeted and simpler approach to the taxation of small business.
Description
Keywords
Small business, SMEs, Taxation, PAYG
Citation
Kenny, P. & Demosthenous, M., 2009. Wayward bullets: more small business tax concessions. 2009 Accounting and Finance Association of Australia and New Zealand conference, 1-24.