In this special episode of the MyBusiness Podcast, host Maja Garaca Djurdjevic is joined by the deputy editor of MyBusiness, Adrian Flores, to discuss the latest in business news.

Over the past week, several big announcements were made from Canberra, including JobMaker’s passage through Parliament and the tabling of both the small-business insolvency reforms and legislation ensuring COVID-related small-business grants are made tax-free.

On a state level, NSW unveiled its budget, spurring hope in the small-business community, while Victoria embraced the new COVID normal and South Australia plunged back into uncertainty with the return of several state borders.

Adrian and Maja take a look at the above and more, dissecting the key business measures, including JobMaker.

While 2020 has been challenging to say the least, many lessons have been learnt. From the importance of disaster planning to the power of technology, Aussie SMEs have gained a wealth of knowledge during what has for most been the most challenging year on record.

In this special episode of the MyBusiness Podcast, host Maja Garaca Djurdjevic is joined by Daniel West, chief sales and support officer at MYOB, to look back on the year that was and talk about expectations for 2021.  

Daniel shares valuable insights from MYOB’s extensive research into the SME space, as well as tips to help businesses wade the unknown waters during and after the pandemic.

Hear his thoughts on the importance of reaching out for support and welcoming it from their accountants and counsellors.

The ATO has released its tax gap estimates for all 15 income and transactional-based taxes for the first time ever, believing $31.2 billion went missing in 2017–18.

Last month, MyBusiness sister brand Accountants Daily host Jotham Lian was joined by Tax & Super Australia tax counsel John Jeffreys to unpack the different tax gaps, including the small business tax gap, which remains the largest gap by dollar value and percentage figure.

John also dissects the ATO’s sample of agent-prepared returns requiring more adjustments than self-prepared returns and gives his take on how to reduce the tax gap.