Business IT

Download a free carbon tax toolkit

By William Maher on May 29, 2012 2:55PM
Download a free carbon tax toolkit

Editor's Picks

IoT Explained: What is the Internet of Things in Australia (June 2022)

5 essential digital transformation ideas

Top 5 Benefits of Managed IT Services

Venom BlackBook Zero 15 Phantom

Not sure what your business needs to do about the carbon tax? MYOB has released a freely downloadable guide.

No doubt the next six months will be an interesting time for every Australian business, as the impact from the Government’s carbon tax becomes clearer.

MYOB today released this free downloadable guide to the tax, which is a handy summary of what the tax means, what’s changing and things you need to know when doing your bookkeeping. You can download the free carbon tax toolkit here (pdf).

We’ve already pointed out, as have many others, that there’s no direct tax on most Australian businesses, though as MYOB points out, a flow-on effect is expected. The booklet flags “fuel, electricity, business travel, freight and waste removal”.

Most of the booklet is a handy summary of information that's already online from various sources, though the suggestions for dealing with tax are interesting, in particular: “Analyse your current pricing and assess how the additional costs may impact your profit margins. You need to justify any price increases not only to your customers, but also to the ACCC if asked.”

The guide also suggests “Consider locking in contracts with key suppliers now, at pre carbon tax rates”.

Newsletter Signup

Get the latest business tech news, reviews and guides delivered to your inbox.

I have read and accept the privacy policy and terms and conditions and by submitting my email address I agree to receive the Business IT newsletter and receive special offers on behalf of Business IT, nextmedia and its valued partners. We will not share your details with third parties.

One of the biggest questions is how much of any increase in costs small business can pass on to its customers. Business has already been warned by the ACCC that while price increases are allowed, they will have to justify them if they are advertised as being caused by the carbon tax.

This paragraph sums up the situation: “You are not generally required to justify or explain why your prices have increased - however if you choose to claim that price increases are due to a particular cause, you should have confidence in your claim.”

The ACCC has released a free guide to carbon price claims. Download the ACCC guide here.

Copyright © BIT (Business IT). All rights reserved.
Tags:
accc carbon claims download myob pdf price toolkit
By William Maher
May 29 2012
2:55PM
0 Comments

Related Articles

  • ACCC flags MYOB's proposed acquisition of ISV GreatSoft
  • Fixed wireless NBN upload speeds struggle to reach advertised plan speeds: ACCC
  • ACCC warns of potential supplier cartels in Government procurement
  • Carbon offsetting: What is it and why should small businesses care?
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

5 essential digital transformation ideas

5 essential digital transformation ideas

Top 5 Benefits of Managed IT Services

Top 5 Benefits of Managed IT Services

IoT Explained: What is the Internet of Things in Australia (June 2022)

IoT Explained: What is the Internet of Things in Australia (June 2022)

The secret behind strategic tech partnerships that win global goals

The secret behind strategic tech partnerships that win global goals

Poll

What would you like to see more of on BiT?
News
Reviews
Features
How To's
Lollies
Photo Galleries
Videos
Opinion
View poll archive
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.