24 September, 2020
In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention behind these cuts is to […]
24 September, 2020
An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker’s super. A total of 588 million […]
24 September, 2020
An important decision to make before you start a business is what structure your business will run under. This will reflect into all facets of your […]
17 September, 2020
Businesses working from home due to social distancing restrictions can take the opportunity to learn from the experience and consider new work structures coming out of […]
17 September, 2020
Running an SMSF under regular circumstances comes with enough compliance obligations as it is. Adding divorce or separation into the equation can raise even more legal […]
17 September, 2020
Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses. The deductions apply to self-education activities […]
10 September, 2020
One of the benefits of SMSFs is the amount of control you have from managing it yourself. However, self-management can leave room for disputes among related […]
10 September, 2020
It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the conditions that their loan […]
10 September, 2020
It is a tall order to ask for a business owner to manage everything alone, much less lead their business into success. This is why many […]
24 September, 2020
In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention behind these cuts is to […]
17 September, 2020
Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses. The deductions apply to self-education activities […]
10 September, 2020
It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the conditions that their loan […]
3 September, 2020
Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe benefits tax (FBT). It is worthwhile […]
28 August, 2020
The Government has introduced additional changes to JobKeeper to help more businesses qualify for the relief payments. One of the key changes was moving the relevant […]
20 August, 2020
Transferring the ownership of assets from one party to another may attract CGT. However, in the event that a change in ownership occurs due to the […]
14 August, 2020
The Taxable Payments Annual Report (TPAR) is an industry-specific report through which businesses inform the ATO of the total payments made to contractors for services in […]
6 August, 2020
Businesses looking to save on tax for the financial year may consider applying for income tax concessions. Businesses classified as a small business entity are eligible […]
31 July, 2020
Due to changing economic circumstances, businesses may be receiving income from sources they have never received from, and may be unaware of their tax implications. In […]