With business operations underway, a new calendar year presents a perfect opportunity for entrepreneurs and business professionals to reflect on the past and set the stage […]
The recent spate of extreme weather events during the summer in various parts of Australia has presented unprecedented challenges for small businesses. As a result, the […]
As a small business owner gearing up for retirement, selling your business can be a strategic move to give your nest egg that final boost. However, […]
In a significant reversal to a key election promise, the Australian federal cabinet has approved changes to the stage-three tax cuts package, set to come into […]
Stepping into 2024, businesses may navigate dynamic economic, societal, and technological shifts. Successfully navigating these changes requires a strategic and agile approach, which is essential for […]
The ATO’s lodgment penalty amnesty has been extended, providing thousands of eligible enterprises with a chance to rectify overdue income tax returns, business activity statements (BAS), […]
As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices. A healthy cash flow […]
As retirees embrace a new phase in their lives, the concept of property downsizing is gaining momentum as a strategic and rewarding financial move. Downsizing isn’t […]
Property owners need to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their […]
Superannuation, often called ‘super,’ is a vital part of Australia’s financial landscape. It’s a retirement savings system intended to provide financial security in your golden years. […]
As a business owner, one of the perks is the ability to claim tax deductions for expenses related to motor vehicles used in your business operations. […]
Determining the value of your business is a critical step when contemplating a sale. Unfortunately, a significant number of business owners are unaware of the monetary […]
An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. […]
One of the most common questions from those entering or nearing retirement is, ‘How much money can I have before it affects my pension?’ Our answer […]
Is it time to play catch up with your super contributions? Every financial year, the cap for concessional and non-concessional contributions is set at a specific […]
$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators, and over 100 arrests to date. How did the […]
There has been increased ATO audit activity in the small business sector particularly where the ATO has used small business benchmarking. Benchmarks are financial ratios developed […]
Recent press coverage of special dividends and capital distributions from some of Australia’s largest listed companies has prompted a range of inquiries from clients who have […]
The ATO’s Project DO IT (Disclose Offshore Income Today) offers taxpayers with unreported income from offshore investments, the opportunity to make a full voluntary disclosure. In […]
For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you […]
Pursuant to the Corporations Act, a creditor that is owed more than $2,000 is eligible to issue a statutory demand against a company requiring it to […]