Proposed CGT changes may alter the after-tax outcome of future investment and business-asset sales making early planning increasingly important. The Federal Government’s proposed capital gains tax reforms represent a significant potential shift in the way Australians are taxed on investment and [...]
Starting 1 July 2026, the way you manage and pay superannuation for your employees will undergo its most significant shift in decades. The move to Payday Super means the long-standing quarterly payment cycle is coming to an end, replaced by a requirement to [...]
Selling a business is not as simple as placing an advertisement and negotiating a price. There are a number of steps involved and some of them are outlined below. If you're thinking of selling your business any time in the [...]
In our last post I covered five key strategies to help you accelerate your cashflow by focusing on your debtors and speeding up the process of getting the money that’s owed to you, into your bank account faster. This time [...]
Every one of us in business has at some point had to deal with a slow or poor payer. The issue here is that the only one suffering is the one that’s owed the money – you! I want to [...]
ATO safe harbour for ‘work-horse vehicles’ Eligible commercial work vehicles are exempt from FBT where any private use is limited to either: ‘work-related travel’ of an employee (including home to work travel); and Any other private use by the employee [...]
What constitutes a going concern? We were recently asked to provide advice on the potential sale of a family’s commercial property. The query asked ‘what constitutes a going concern and whether a vacant tenancy requires a partial payment of GST’. [...]
Small business tax tips for 2018 Small businesses may be eligible for a range of tax benefits. We have put together the following tax tips to help small businesses. Maximise depreciation deductions If you have a turnover of less than [...]
Federal Budget Highlights 2018-19 A budget to strengthen the economy, create jobs and cut taxes was the promise of this year’s Federal Budget. We have put together some of the tax and superannuation Federal Budget highlights, that may be of [...]
Starting a small business? Don’t become a statistic There is something irresistible about starting a small business that has captured our collective imaginations, with small businesses making up 97% of all Australian businesses. But unfortunately, over half of these fail [...]
