By Joe Kelly · 4 June 2014 · Economy
Small Australian businesses are facing a staggering annual tax compliance cost of $18.4 billion. But what's behind this massive financial strain, and can it be alleviated?
Tax compliance is costing Australia’s 1.7 million small and medium sized businesses about $18.4bn a year, according to new research. The figures produced by the Institute of Chartered Accountants Australia show the average gross tax compliance cost for small to medium sized Australian businesses is running at $11,000 per firm each year. The Institute’s Head […]
Tags: Board of Taxation, Institute of Chartered Accountants, Small Business, tax compliance