News Pulse for May 2, 2016

A daily download of SME, startup, fintech and tax news from around Australia.

The budget’s big decisions

If Scott MorrisonThe Hon. Scott Morrison, Federal Member for Cook Treasurer from 21.9.15 thinks that by offering tax cuts to Australians earning more than $80,000 he is helping average workers, he doesn’t know what average workers earn.

Relatively few people are at risk of earning more than $80,000 and relatively little of their income is above $80,000.

Asked on Channel Nine about reports his budget will deliver election-eve tax cuts to Australians earning more than $80,000, he said he was going to clear the way for small and medium-sized businesses and ” people out there earning average wages “.

Budget 2016: Business backs company tax plan

Business leaders have made a last ditch plea for the federal government to commit to cut corporate tax in Tuesday’s budget but will have to wait several years with the government expected to chart a path to a lower rate over the decade ahead.

Adelaide City councillor questions Government’s ‘double standards’ on food trucks and Uber X

An Adelaide City councillor says it is hypocritical of the State Government to remove restrictions on food vans if it does not offer subsidies to fixed businesses like it will with the taxi industry when Uber X enters the market.

Consultation on improving bankruptcy and insolvency law | The Hon Kelly O’Dwyer MP

The Minister for Small Business and Assistant Treasurer, the Hon Kelly O’Dwyer MP, and the Attorney GeneralSenator the Hon. George Brandis QC, Senator the Hon George Brandis QC, today released a discussion paper titled ‘Improving Bankruptcy and Insolvency Laws’ for public consultation as part of the Government’s National Innovation and Science Agenda (NISA).

How Australia’s real estate boom is hurting tech startups

I have spent the past three months looking for office space for my tech company in Sydney. It has been surprisingly challenging to find a creative space for 20-30 people.

Nuheara crowdfunds more than $650,000

Shortly after listing on the ASX, wearables company Nuheara launched a crowdfunding to help fund the roll out of its intelligent wireless ear buds.

In just over an hour Nuheara, a startup co-located in Perth and San Francisco, reached its initial goal of $US50,000.

SMEs Call For Reduced Company Tax Rates In Upcoming Federal Budget

With three business days remaining before the the Federal Budget is announced,  small to medium business owners have voiced a united desire for company tax rates to be reduced, according to the latest MYOB  Business Monitor .

Start-up’s app tips family law settlements

A Sydney-based “predictive software” start-up plans to list next month, targeting a robotic solution to one of the most emotional and subjective pursuits: family law settlements.

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