Pulse Alert – News Pulse for September 11, 2019

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

‘A little stretched’: Tax inspector compares office to startup

The inspector-general of taxation’s office says it is battling “resourcing constraints” and is stretched dealing with small business disputes.

A senate committee is currently running the ruler over how the inspector-general of taxation and taxation ombudsman’s office (IGTO) investigates the Australian Taxation Office and what protections are offered to whistleblowers who bring information to the IGTO.

Axing of SME patent regime paves the way for ideas theft, ombudsman warns 

The small business ombudsman is urging the federal government to backtrack on its plan to axe an innovation patent regime used by SMEs amid concern it could result in businesses having their ideas stolen.

Last week a Senate committee gave the all-clear to a government bill which would abolish the innovation patent system, a lower cost intellectual property regime set up in 2001 with the hope of making it easier for SMEs to invest with legal certainty.

Data retention: ATO renews push to be part of ‘metadata’ regime

The Australian Taxation Office has reiterated its frustration at being excluded from the list of government agencies able to obtain warrant-free access to telecommunications ‘metadata’ as part of the data retention regime.

However, the ATO Australian Taxation Office has acknowledged using other provisions of Australian telecommunications legislation to access the same records covered by the data retention scheme, but objects to the costs that it incurs as a result.

Small employers: It’s time to move to Single Touch Payroll

Small employers (those with 19 or less employees) need to get ready for Single Touch Payroll (STP) ahead of the 30 September start date.

STP became mandatory for small employers from 1 July this year, however, the ATO Australian Taxation Office granted an extension to businesses that needed more time to get ready until 30 September.

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