David Adams

Melbourne

Business journalist at Smart Company (Australia)

Business journalist @smartcompany | Tips, gossip, music recommendations to [email protected]

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Articles

Super tax plan leads to ATO warning, as experts fear "risky" asset restructures

5 days ago | smartcompany.com.au | David Adams

Labor’s proposed superannuation tax reforms could encourage wealthy Australians to funnel their retirement funds into “risky” investments and asset structures, according to SMSF Association CEO Steve Burgess. His claim comes as the Australian Taxation Office (ATO) reportedly warns the nation’s wealthiest families against questionable plans to minimise their tax burden.
Minimum wage decision: What government and business groups are asking for

5 days ago | smartcompany.com.au | David Adams

The Fair Work Commission (FWC) will reveal its National Minimum Wage decision on Tuesday morning, setting a new income baseline for Australia’s lowest-paid workers. The federal government has argued for those workers to face a real wage increase from July 1, ensuring take-home pay grows faster than the inflation rate.
Law firm seeks SME input for potential Google class action

1 week ago | smartcompany.com.au | David Adams

Law firm Slater + Gordon is investigating alleged anticompetitive practices by Google, asking if local businesses are paying unfair premiums for its advertising services. The firm on Thursday called on Australian businesses to share their experiences advertising through Google, which it claims dominates the digital advertising technology stack.
Labor's super tax reforms: Why some experts are concerned for small business

1 week ago | smartcompany.com.au | David Adams

Labor’s plan to tax the unrealised gains of superannuation balances above $3 million could slam small businesses, critics say, with 13,000 funds containing commercial property set to cop extra taxes from July 1. The federal government intends to legislate an extra 15% tax, applied to earnings from the portion of a superannuation balance over $3 million.
The Coalition's business and innovation shadow ministry is here -- with a catch

1 week ago | smartcompany.com.au | David Adams

Tim Wilson is poised to take the small business and industrial relations roles in Opposition Leader Sussan Ley’s shadow ministry, as the Coalition rebuilds itself after a striking election defeat. Ley revealed the makeup of her shadow cabinet on Wednesday, hours after the Liberal Party and the Nationals formally reformed their Coalition agreement.
Women more likely to have WFH requests denied under popular industry award

1 week ago | smartcompany.com.au | David Adams

Businesses employing staff under the widely-used Clerks Award approve work from home (WFH) requests more often than not, but women are significantly more likely than men to have their requests knocked back. Those findings, from a new Swinburne University study commissioned by the Fair Work Commission (FWC), shed light on how Australian employers have adopted WFH practices — and where bosses are reluctant to adopt remote work.
Why The Commons is becoming an inner-city health retreat

1 week ago | smartcompany.com.au | David Adams

First came co-working. Now comes co-working out. The Commons is expanding into fitness and wellness with two upmarket health clubs in Melbourne, built into its upcoming Richmond and South Yarra locations. The development marks a significant evolution for The Commons, which believes the way its core clientele exercise and recover is integral to how they work.
ATO plans email blitz to remind small business owners of GST, side hustle obligations

1 week ago | smartcompany.com.au | David Adams

The Australian Taxation Office (ATO) has revealed the next phase of its compliance efforts, which will involve emailing all Australian Business Number (ABN) holders to explain their tax obligations. Over the coming months, the tax office will directly contact ABN holders to advise them of their responsibilities in key areas, in an attempt to shore up small business performance.
Sprinting to file your tax return on July 1 could cost you the race

1 week ago | smartcompany.com.au | David Adams

First in is not necessarily best dressed, especially at tax time, with CPA Australia warning individuals against making the potentially costly mistake of filing their self-completed tax return too early. With just five weeks until the end of the 2024-2025 financial year, the accounting industry group is warning taxpayers to reconsider submitting their returns to the Australian Taxation Office (ATO) as soon as possible.
Australia's hottest sneaker shops are now selling Labubu. Here's why

2 weeks ago | smartcompany.com.au | David Adams

Sneaker stores across Australia have unexpectedly pivoted to selling Labubu figurines, using a business model honed on Air Jordans for toys popular with children and adults alike. Small and plush with a devilish grin, Labubu is just one character in the Monsters universe, created by Hong Kong-born artist Kasing Lung. Chinese company Pop Mart manages the intellectual property rights over Labubu and friends, and has turned those impish figures into a real-world phenomenon.