(Source: The Institute of Chartered Accountants in Australia) Tax compliance burden doubles for small business The cost of tax compliance has more than doubled for small businesses, according to new research conducted by tax professionals and academics across Australia. The rise and rise of tax compliance costs for the small business sector in Australia, is the first installment of a three-year research project into the viability of Australia's tax system. The Institute of Chartered Accountants' tax counsel, Paul Stacey, says it costs small businesses an average of $32,389 a year to comply with the multitude of state and federal taxes in Australia. "For small businesses, the cost of tax...
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